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U.S. Citizen is conducting business (not incorporated) abroad, Form 8858 not available in ProConnect
The business owner has an LLC in the U.S. and sells products abroad. In 2021, the business reported all expenses and sales through the LLC. In 2022, he operated... -
Self-employed business owner was contributing to SEP plan all year, however, year end sales did not go well, so he is reporting a loss. Since he can only contri...
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It was run under the LLC, his prior accountant advised him to do it this way for liability reasons...I advised him to run it under the Corp going forward.
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I assume by the LLC since the W2s are all from the LLC
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A new client's W3 is under a different EIN than the corporation's EIN. When I asked why the numbers didn't match, he said that the payroll is under an LLC pass ...
