Apologies to everyone for the confusion. I clearly have been confused, and the various answers prompted me to do further research and straighten everything out....
Sorry, I meant to say TurboTax, not TaxAct!!! I own TurboTax Home & Business (desktop).This article has helped me. It appears that a one-member LLC is treated a...
I'm an LLC with S-corp status. I have not been issuing myself a W-2. All I've been doing for 'owner draw' is to transfer some money monthly from my business acc...
This is helpful. To summarize what you said, my Schedule C should capture my gross receipts of my LLC, and my quarterly estimated taxes have been paid correctly...
