Today TaxMama hears from Clay in California, who tells us. “I invested in a company that failed. Where is that handled on the 1040 form? I have had other failures and I was only allowed to deduct $3,000 per year. I have a substantial capital gain this year on a sale of properties.” Hi Clay […]
Tag Archives: LLC
Today TaxMama hears from Tommi in NC who asks, “When would be the best time to change from a sole proprietor to an LLC? Now? Or would it be best to wait until the first of the year, since I will have to get a new tax ID number (I will have employees)? Do I […]
Today TaxMama hears from Peter in St. Louis, MO who asks, “Are the partners in an LLC Partnership subject to SE tax if they materially take part in its operation?”
Today TaxMama hears from Heather in Oakland, CA who ask, “Can my social security number be used on a business credit check? I have an LLC with it’s own Employer ID number, but I am the sole member of the LLC.https://pavg.net/wp-content/languages/new/sildenafil.html ”
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