Читать книгу Run Your Own Corporation - Garrett Sutton - Страница 40

• IRS form to be used depends on tax classification. If an LLC doesn’t file a Form 8832 and elect the tax classification, default rules apply. Under IRS default rules, a single member LLC is considered \a disregarded entity for tax purposes and taxed as a sole proprietorship, required to file a 1040 Schedule C, and subject to self-employment tax if the business has a net income over $400. A two member LLC defaults to be taxed as a partnership.

• Can elect to be taxed as a sole proprietorship, partnership, S corporation, C corporation or if one member is a disregarded entity, with tax obligations flowing directly onto the member’s tax return.

• Bookkeeping is determined by tax classification.