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Business & farm
Carl's response is correct if the LLC has NOT made the election to be taxed as a corporation. However, if the LLC *HAS* made the election to be taxed as an S-corporation, the corporation should issue you a W-2 and a K-1 (no Schedule C). You are required to be on payroll (and all of the associated payroll forms and taxes), so be sure you are doing that.
I REALLY, REALLY recommend going to a tax professional ASAP. Doing thing wrong can easily cost you thousands of dollars.
I REALLY, REALLY recommend going to a tax professional ASAP. Doing thing wrong can easily cost you thousands of dollars.
‎June 6, 2019
2:58 AM