Do this with in 3 years irs will declare your bussines as a HOBBY
2024-11-27 12:50:38
204
Kkavii :
At this point this LLC can go…too much and I’m not using it
2024-11-27 02:33:50
745
Kirk R :
buy your car via the LLC then, take the $10k depreciated value in your taxes and get that cheque.
2024-11-27 15:13:31
361
Problem ???? :
If you make zero income then where you deduct the zero from zero
2024-12-01 16:58:03
113
Waseem :
How I closed a LLC ?
2024-11-26 18:36:24
10
HeyitsIbrah :
What If u got a LLC but no activity at all
2024-11-27 00:21:58
14
MsShelly :
You cannot take these deductions currently unless you are open for business and have a profit motive.
2024-12-24 04:05:09
5
New Learner :
How can I start a LLC and start up businesses for tax write off !!
2024-11-26 22:11:42
5
DnD :
Do you have to pay for your LLC monthly.? Like the state fees or is it a one time fee.? Someone please educate me more bc me n my daughter want to start a lemonade n treat strand. Will it be worth it.
2025-02-23 17:20:07
6
nooralamoudi8 :
Im trucker owner operator that work for a company but they give me a 1099 do I gotta fill that out.
2024-11-26 18:41:52
12
Zion Line :
CA FTB $800 every year is too much
2024-12-08 21:39:54
5
micho_1882 :
What are you talking about? What deductions with zero income?
2024-11-26 23:02:47
32
melodyyork82 :
These expenses are only deductible if they are considered ordinary and necessary to the business. And not a hobby!
2024-12-06 02:06:40
7
Grego :
but tell me why?
2024-11-27 09:43:12
19
Coachi_to Gen❌️ :
Are you located in Dallas Texas?
2024-11-27 06:09:26
1
ebateh :
How do you create an LLC in Nevada with real estate in California?
2024-11-27 04:43:52
10
my2819 :
This is only necessary if you have another well-paid income then you can deduct your income tax otherwise you should not keep the LLC😁
2024-11-27 00:22:01
26
JAMES 1 BILLION :
What is the best online platform to file my own business tax. Right now we have zero expenses, but few expenses.
2024-11-26 18:36:13
20
Sabrena82 :
What if it’s inactive
2024-11-26 22:07:04
14
lisamartin3275 :
Wow, I didn’t know that, thank you for sharing
2024-11-28 20:18:25
12
Ali :
Bad advice. If the business is not yet active (e.g., no operations, no revenue-generating activities), the startup costs are considered capital expenses and cannot be deducted or amortized yet.
2025-01-09 00:31:11
12
Wealth Wrangler :
You NEED an Irrevocable trust to partner with the LLC
2024-11-29 18:59:56
5
Star Musik :
Uh oh... We've gone about 4 years without bringing in a cent... I feel we are about ready to take off, but have kept up our website and so many more expenses this whole time. We've never filed a tax return b/c no income. Do we include the previous years if we are going to file a return this year? To include all the business expenses for years before? Thank you.
2024-11-28 11:49:52
5
Evan Xavi :
Can I claim my phone and laptop that I bought for the business?
2024-12-17 17:21:40
0
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