Accountant-Man
Level 13
10-24-2023
12:36 PM
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As you probably already know, even at $500 an hour, it doesn't take 10 hours to prepare an LLC organizational documents. He was ripped off.
It takes 30-60 minute, max.
The winnings should not be taxed as earnings, but you have to prepare a Form 8275 to show why you are taking a different position.
Hire another professional, a CPA.
** I'm still a champion... of the world! Even without The Lounge.