cutbanlemon
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Yes, I am using cash accounting, so I must report all income received during the tax year, Jan-Dec, correct? But I don't take it as a draw in the tax year; it s...
Activity Feed for cutbanlemon
- Posted Re: Self-employed Single member LLC and retained earnings. on Business & farm. November 13, 2024 12:43 PM
- Tagged Re: Self-employed Single member LLC and retained earnings. on Business & farm. November 13, 2024 12:43 PM
- Posted Self-employed Single member LLC and retained earnings. on Business & farm. November 13, 2024 12:27 PM
- Tagged Self-employed Single member LLC and retained earnings. on Business & farm. November 13, 2024 12:27 PM
- Posted My wife gambles and runs up wining (gaines) but not more than the losses. The casino only reports the winnings. I have been using the schedule A to claim the losses. This means I loose the standard deduction and pay more taxes. Am I doing this property on Business & farm. November 13, 2024 10:13 AM
- Tagged My wife gambles and runs up wining (gaines) but not more than the losses. The casino only reports the winnings. I have been using the schedule A to claim the losses. This means I loose the standard deduction and pay more taxes. Am I doing this property on Business & farm. November 13, 2024 10:13 AM
- Posted I am a single person LLC in Fl. My wife is a part time employee that I compensate with reimbursement of medical insurance and medical copays and medications. What are the requirements and risk of audit with this deduction. on Business & farm. November 13, 2024 9:07 AM
- Tagged I am a single person LLC in Fl. My wife is a part time employee that I compensate with reimbursement of medical insurance and medical copays and medications. What are the requirements and risk of audit with this deduction. on Business & farm. November 13, 2024 9:07 AM