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Spoiler (Highlight to read)The due diligence is simple: it is a start up. No employees, no contractors. It should have been a disregarded entity but they were s...
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Now imagine I called IRS today. Told them the whole story and they advised me to increase expenses so the company will be making losses and this year make a rev...
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Why falsify?The previous accountant made mistakes:1. Changed from disregarded entity to c corp ( claiming that the LLCs officer had no ssn). Changed from c corp...
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Hello. LLC is an S Corp. the officer of the LLC hasn’t been paid neither through w2 nor 1099.I am filing 1040 and I put the company profits in schedule SE : adj...
