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You are correct. Not electing for S Corp at all. Just a passive entity. All payrolls were cleared. Thank you very much.
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My client recently bought a SMLLC and took over everything (all assets, no liability) and kept the same EIN, business name and SMLLC status. The cut off date is...
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Were all these W2 payments relating to their ownership? If yes, I agreed with all above. (GP) If these W2 payments were relating to their job function, partners...
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My understanding as a long time experienced TurboTax (TT) users - it is not possible to file a second return with a SAME TT log in account. TT only allows one r...
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Just for helping sub operation, no stock exchange. For parent, this will be Due from sub, if sub makes any money in the future.
