Hello maat5,
If you already filed your 2023 return in February 2024 and received a 1099 for Contract Work, you will need to amend your return to include the 10...
Hello EMS0,
If you're currently classified as SMLLC, you will need to file a Form 2553, Election by a Small Business Corporation, to file for S Election in or...
Hello there adarby,
Hearty congratulations on your promotion!!
It's great that you have already paid estimated taxes for 2024 (110% of your 2023 Total Tax). W...
Hello wubeibei,
Yes, it is a good tax saving strategy to hire kids. Yes, you would need to issue a W-2 and send a copy to IRS as well.
You could use this soft...
Hello EMS0,
First of all, just to clarify, if you are paying yourself as a Single Member LLC, you don't need to issue yourself a 1099 or a W-2.
Secondly, if ...
