Unleash the Tax-Saving Potential of Your LLC Passthrough Taxation Simplified

To start an LLC, you'll need to choose a name for your business, select a registered agent, file Articles of Organization with the state, create an operating ... With TAP, you have the option to Go Paperless. This means that you can pay your taxes online and receive certain correspondence electronically. TAP email lets ... Similarly, you form a partnership as soon as you begin doing business with another person. Forming an LLC takes additional steps, like filing ... In this tax status, you are still considered a pass-through entity. However, you must prepare and file a separate K-1 form for each of the corporation's ... Partners reporting income on Form IT-203-GR may not claim any New York State income tax credits, including the PTET credit. The nonresident ... LLCs can opt for S corporation taxation and benefit from tax-free dividend payments by filing Form 2553 with the IRS. An LLC can choose to pay tax as a C ... You may also want to speak with a CPA beforehand to learn if the more complex S-corp tax filing (through IRS Form 1120-S) will actually save you money—as not ... NOTICE: Some internet browsers have a built in PDF viewer that may not be compatible with our forms. Adobe Reader may be required for your browser or you may ... When is the deadline to file Form N-362E (Pass-Through Entity Tax Election)? ... The trust must file Schedule PTE-U to report the allocation of ... LLC pass-through income is treated basically the same as sole proprietor income; you might need to pay a higher share of self-employment tax unless you choose ...