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A good way to get audited is to follow this advice An llc is not a tax entity also
by jekwoooooe 1y ago
A good way to get audited is to follow this advice
An llc is not a tax entity also
- withinboredom 1y agoWhen you create your tax id for an LLC, you get two choices on how you want to be taxed. You can choose to tax it as an individual or as an S-corp. There are tax implications and it affects how you do taxes.
- jimhi 1y agoI wish. I know several people in person who do this. Read some of the other commenters saying how this is their standard mode of operation and they don't see any problem with any of this.