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Get your taxes done using TurboTax
@theresa-thompson wrote:
I don't believe there is any explicit wording to say an LLC owner cannot take payroll as a W2 employee...
There is the following from the IRS (and note that a multi-member LLC defaults to partnership status if it has not elected to be treated as a corporation for federal income tax purposes):
Partners are not employees and shouldn't be issued a Form W-2.
‎November 6, 2020
9:51 AM
4,272 Views