Tammy C. asked
What is the deal with form 568 for first-year LLCs? I've looked at the form, and I see areas asking about total income, etc. If this is my first year, how do I know what my income will be? Is that because they are asking about last year, which would make all my information $0? What is the deadline for form 568? And is it a form that requires me to pay a tax/fee? As mentioned above, I paid $800 LLC tax using form 3522 before the 15th day of the 4th month. I want to make sure I file form 568 correctly, and make payments that are required.
October 7th, 2023
David S. answered
For a first-year LLC, you do not need to file form 568 immediately. The form 3522 you used to pay th...
October 7th, 2023
Create an account to view answers and interact with the community!
My Taiwanese friend wired me $20,000 to try an investment opportunity or purchase real estate in the U.S. for him. What are the tax issues for me relating to the IRS?
April 2nd, 2024
Do I need a separate tax ID for a business name associated with an LLC that already has a tax ID?
February 21st, 2024
As a non-resident alien living abroad and employed by a US company, do I need to pay capital gain tax on stock trading, and what are the implications of share-based compensation, Alternative Minimum Tax, and estimated tax payments after employment termination?
November 18th, 2023
My dad gave me $21,000 to build a steel building on our property, and he also put $50,000 in a savings account under my name only for future nursing home expenses. I was told I have to pay a large amount in taxes. What are the tax implications of these gifts?
February 3rd, 2024
My husband rolled over his 401k from a previous employer into his new employer's 403b account. The accounts are combined but only the 403b is being invested, while the 401k just sits there. Is he allowed to draw from the 401k with no liabilities?
July 24th, 2024
