Hello, I have a friend that created the LLC for a small business that I
run all aspects of it. He filed the taxes last year on his income tax
(2024) and sent me a 1099 NEC. Now I have control Jan 1,2025- what
paperwork do I need to sign to make the s...read more
I am currently selling online with goods and would like to switch to
LLC. I am trying to understand the assets transfer portion.For example,
if I own $4,000 parts and want to transfer to my LLC, would LLC purchase
the good from myself and mark as inv...read more
Hello: I am selling old Nike and Reebok shoes on Stock X. Some of these
a small profit is made and some are at a significant loss.This is
neither a hobby nor a business. I read a prior thread indicated if noted
as a "hobby" the gross amount of the sa...read more
jdosmobPosted October 25, 2025
| Latest post October 25, 2025 by
Bsch4477
I realize the below may be pretty straightforward but I'm doubting
myself at this point and want to be sure I've got it straight.
Appreciate your patience!I received a PayPal 1099-K for some side work
last year. Gross receipts were over the filing re...read more
I would like to start giving a weekly lecture for teenagers in my
neighborhood. If I don't charge for it, but instead ask that anyone who
is able to make a donation, can I consider this as a gift when I file
taxes, or would I have to count it as inco...read more