Announcement

Collapse
No announcement yet.

Sova, Bees re: LLC

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Sova, Bees re: LLC

    Matt and Bees,

    Sorry to bother you in particular, but you are both strong advocates for no SE tax on LLC distributive share. I'm just wondering if you take Sec 179 for your LLC member clients for whom you are considering their interests limited for SE tax purposes.

    Again, sorry to direct this to you but I was hoping for a response by now to my earlier post and haven't gotten any. I'm desparate, in case you can't tell!

    Thanks so much.
    Tags: None
    #2
    Yes, I would take Section 179 for an LLC where members are not subject to SE tax, except for guaranteed payments.

    It would be no different than an S corporation taking Section 179 even though the shareholder's distributive share of profits is not subject to SE tax.

    Comment

      #3
      I will re answer the question in the other thread. I don't think this is what you were asking....

      Comment

      Previous template Next

      Disclaimer

      Collapse

      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

      Working...
      X