You never have to make ES payments. However, if you do not you could be subject to an underpayment, which is equivalent to an interest charge for not paying you...
Hi villaalfa,
Repayments of loans are not income to you. However, if you were paid interest on the loan, that is technically income.
Receiving something throu...
Hi Jcamarse,
As a sole proprietor, your business is considered part of your individual return and reported on Sch C. With a Sch C business, you can pay yoursel...
Hi Yawo23,
As a Sole Proprietor LLC, you would be considered a disregarded entity for IRS purposes. But you would be considered an entity for the Ohio CAT Tax....
