I'll add a few comments:
You also need to consider the state tax penalty implications of not filing.
Have you filed a dissolution with the Secretary of State w...
A few follow-up comments:
First, you need to understand a forum such as this is not the best for addressing complicated partnership tax issues. There are just ...
Well, I am going to deliver the bad news; or at least it is bad based on limited facts:
The economics of the LLC appear to be convoluted.
Your facts indicate t...
I am somewhat confused based on the original facts:
The original facts indicate that a LLC that you were a member of invested in the R&D project.
Then the fact...
A couple of follow-up comments:
A 1099-DIV is only used for liquidating distributions as noted by@tagteam
When adjusting your stock basis, a shareholder needs ...
