lucidconsumer
Junior Member
What is the name of your state (only U.S. law)? NY
How does an LLC affect owners' personal taxes?
If a LLC has no gains/losses [activity] in a fiscal year, how does that affect owners' personal tax filings?
If a LLC is formed, say in August, what is the fiscal year term? In other words, would the owners have to report and file taxes in January of the following year or in August (12 months after forming the LLC)??
What are the tax advantages, for personal taxes, of forming an LLC?
How does an LLC affect owners' personal taxes?
If a LLC has no gains/losses [activity] in a fiscal year, how does that affect owners' personal tax filings?
If a LLC is formed, say in August, what is the fiscal year term? In other words, would the owners have to report and file taxes in January of the following year or in August (12 months after forming the LLC)??
What are the tax advantages, for personal taxes, of forming an LLC?