Individuals who are sole proprietors or who have formed single-member LLCs report business income on Schedule C
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Individuals who are sole proprietors or who have formed single-member LLCs report business income on Schedule C of Form 1040. Use the IRS website as your source of research and provide us with information as to why sole proprietors would benefit from organizing their businesses as single-member LLCs. Please let us know if there are any disadvantages to this form of business organization.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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