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9 January 2017 | 5 replies
For the single member LLC treated as a disregarded entity for tax purposes, the EIN is your SSN.
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14 January 2017 | 14 replies
Please disregard my comments in the previous paragraph.
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30 January 2017 | 1 reply
Shouldn't be any other tax issues as LLC's are treated as disregarded entities and are taxed on a "flow through" basis by the IRS.
22 February 2017 | 22 replies
I can't get a straight answer and I'm on the verge of requested an opinion letter from the IRS directly.Here's the situation -I have a single member LLC (disregarded) that wholly owns the following:Three rental propertiesA second single member LLC (disregarded) not involved in real estateA third single member LLC (disregarded) - construction companyHow do you report this on your 1040?
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15 February 2020 | 66 replies
You don't just stand up in front of a judge and say, "I'm a smart lawyer, Your Honor, and I think you should disregard the laws of this state and hold the owner of this LLC personally liable."
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12 April 2017 | 3 replies
We want to be able to consider the LLC a disregarded entity.a) Since CA is a community-property state, can we be a disregarded entity (for tax purposes) with 2 members?
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12 May 2017 | 1 reply
However, a single member LLC/disregarded entity and/or a land trust should not pose any problems for you since disregarded entities are still treated as if the underlying owners own the property (i.e., you and your wife).
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2 July 2017 | 3 replies
LLCs can check the box for S-Corp election and pay employees W-2 salaries to offset profits subject to self-employment taxation that would be on Schedule C self-employment income as a disregarded entity / sole proprietorship.9.
5 September 2017 | 19 replies
Asset protection is a must even if it's disregarded by many as a not-so-important investment.
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3 November 2017 | 13 replies
Single member LLC's are still taxed under your personal tax return as they are disregarded entities.