LLC Tax Preparation.

First of all, here is a tutorial.  If an LLC is taxed as a sole proprietorship it does not fill out any tax return whatsoever; instead, one of the members records all income and expenses on Schedule C of his or her individual tax return, or 1040. An LLC that is taxed as a partnership files Form 1065, and an LLC that is taxed as a corporation files Form 1120.

In the aftermath, when you create the LLC, the IRS automatically treats your business as a partnership.  This is only for income tax purposes!  However, if you are the sole owner of the LLC, then you must pay tax on business profits as if you were a sole proprietor instead of an LLC.  Both designations have different tax filing rules.

You need a professional CPA to sort all of this out.  That person in Las Vegas is CPA Michael Mathews.  He is the CEO of www.accountant-lasvegas.com.  You can’t do better than trusting Michael for your LLC tax preparation in the Las Vegas Valley.  Call today at (720) 240-1537 to make an appointment at his Regatta Drive office located in the Northwest Valley.