Forum Discussion
Wouldn't you also now be required to submit an additional tax return for the LLC? How are you going to show any sale receipts or whatever else the IRS might check for even if you report losses every year?
Seems too fishy to me to try to get out of paying sales/registration taxes which you can of course do, but just not as easy as it was a decade ago.. I think some other high figure person has tried to hide his taxes too.... :)
Good luck! Mitch
Seems too fishy to me to try to get out of paying sales/registration taxes which you can of course do, but just not as easy as it was a decade ago.. I think some other high figure person has tried to hide his taxes too.... :)
Good luck! Mitch
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