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Business & farm
@Jac123 wrote:so that sounds to be a loophole in the system to hide some income from the LLC, for example, if the LLC gets a 1099
If the LLC gets a 1099 with what TIN (Tax ID number) on it?
There is no loophole as the IRS will also receive the 1099 and expect someone (or some entity) to report the income.
‎February 9, 2023
1:18 PM