@karltondennis: What happens if your LLC didn’t make any income? #taxes #fintok #SmallBusiness

Karlton Dennis
Karlton Dennis
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Region: US
Tuesday 15 March 2022 06:15:52 GMT
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richierichmetals
RICHIERICH METALS aka TOCHTLI :
I didn't make any money's but I spent like 10k on start up cost.
2022-03-15 13:48:59
62
fromyouraccountant
From Your Accountant :
If it’s $0 in income and $0 in expenses they do not have to file
2022-03-15 14:01:38
19
exp10d3r
xxp.lod32 :
YES! Thats me 😳
2022-03-15 06:33:15
12
prettyme822
Tiffany :
Lord I gotta do my taxes tonight
2022-03-15 21:53:19
9
matvillegas
MXV :
I just got my quote. I invested almost 80k in my business and my return is 7k 😏
2023-01-18 23:39:20
5
akunk33
akunk33 :
what is a statement of information?
2022-03-15 08:19:41
5
blkpantherrr
E♡| Surrogate | ABSN Student :
Spent 30k starting our business. My husband is the sole proprietor. Would we get something back on our personal taxes?
2022-03-15 06:27:46
4
ferney.pinzon
Leah & Angel :
I started my LLC because I sell items on amazon and now I'm doing amazon flex and turo. Can I have 1 LLC with different businesses?
2022-03-16 06:01:25
4
shade_baddieaf
GodsGiift_Sha :
I started a llc 2021 no income was made ? I do my own taxes so how do I go about filing my buisness taxes ?
2022-11-11 21:21:58
4
fitsuperwoman
Fit Superwoman :
My accountant told me this is not necessary
2022-03-15 21:50:42
3
absurdity1873
absurdity :
I feel like you skipped all the important bits at the end
2022-03-15 08:27:38
3
cheesecaketam
honeybeetam :
What about an EIN?
2022-03-15 06:21:24
2
oilfieldproud78
Free American :
What if your start up cost was $27,000 and you grossed 90,000 but didn’t make any money.
2022-03-15 23:18:54
2
bigboi.hbar
Bigboi.hbar :
I made a lousy 1500 last year and wrote off 12000 miles. What qualifies as a startup cost?
2022-03-15 20:53:57
2
newdealfinds
New Deal Finds :
Can i write off starup cost on the 2nd year?
2022-03-15 17:05:34
2
mmmmmray
I ask questions&forage🐟🍄🌎 :
what if you're unprofitable in second and third year too?
2022-03-15 15:47:47
2
danielasjourney
Daniela | Simple Life :
I filed my personal taxes and I didn’t know I had to file for my LLC together. I haven’t launch it and did not make any income what can I do?
2022-04-13 21:50:18
2
balayagedby_b
MissB :
@Karldennis can I file a separate tax return for my llc with its own EIN. Or do I file it together with my personal return ?
2022-03-16 00:32:01
2
justone1co
JustOne1 :
Also if use a business card and have no money coming in yet, are we allowed to pay it off monthly with our own money? (From a current job)
2022-03-15 09:37:14
2
limaso02
LiMaSo02 :
I have write off expenses.
2022-03-15 09:05:03
2
gay_redneck
Gay_Redneck :
Can a loan be taken off, for a building and remodel that generates income for the LLC?
2022-03-15 09:03:03
2
7d_mar7
Mary ray :
I had a loss last year . Do I Carrie that over ? How does that affect me
2022-03-15 06:34:07
2
ozlo_
OzLo :
😬
2022-03-15 08:47:27
2
bembua01
Bembua :
That’s me
2022-03-15 08:26:15
2
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