The sale of a business is comprised of the sale of individual physical assets (if any) and the sale of intangible assets such as goodwill. You will need to tell...
You will need to associate your business with either you or your spouse if yours is a single-member LLC and considered a 'disregarded entity' by the IRS. The IR...
Yes, you can count display items as business expenses. Your starter kit can be included as a regular expense since you got it at/near the same time you started ...
It won't affect the return as far as income/loss. If you've already filed as zeroes, that's fine. Just make sure that you report the cash contributions properly...
No, you should report the true capital contribution because that doesn’t change.As an example, if you each contributed $50k in capital to the LLC, bought a prop...
