worthspending
Junior Member
What is the name of your state? Indiana
I formed a LLC mid-year in 2007. I have spent money, however, I haven't made a dime. Not even one sale. This was expected due to the nature of the business. I've heard there is a mandatory tax for the self-employeed.
I am interested in knowing what my taxes will be like this year?? Will I pay anything?? Also, I sold my primary residence in 2007. However, I sold it for the same amount that I paid for it.
Thanks
I formed a LLC mid-year in 2007. I have spent money, however, I haven't made a dime. Not even one sale. This was expected due to the nature of the business. I've heard there is a mandatory tax for the self-employeed.
I am interested in knowing what my taxes will be like this year?? Will I pay anything?? Also, I sold my primary residence in 2007. However, I sold it for the same amount that I paid for it.
Thanks