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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Gawd...Not Again!! 3.3% Tax Questions Posted by jom on November 29, 2003 at 12:13 AM In Reply to: Gawd...Not Again!! 3.3% Tax Questions posted by Jim on November 28, 2003 at 1:06 PM : Question #2: What does the phrase mean: 'disregarded for federal and California income tax purposes'? It is being redundant. A Single member LLC does NOT have to file partnership K-1 forms or 1065's. The tax data goes directly to your 1040 and it's various schedules. Therefore it is "disgregarded" for tax purposes ONLY. You still get the limited liability and all the other stuff that goes along with it. I've been thinking about this "problem" myself. Why not get your brother or sister to partner up with you? Or some other set up... jom Follow Ups: Re: Gawd...Not Again!! 3.3% Tax Questions Jim 3:36 PM, 11/29/03 (1) Re: Gawd...Not Again!! 3.3% Tax Questions jom-CA 6:09 PM, 11/29/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Question #2: What does the phrase mean: 'disregarded for federal and California income tax purposes'? : It is being redundant. A Single member LLC does NOT have to file partnership : K-1 forms or 1065's. The tax data goes directly to your 1040 and it's : various schedules. Therefore it is "disgregarded" for tax purposes ONLY. You still : get the limited liability and all the other stuff that goes along with it. : I've been thinking about this "problem" myself. Why not get your brother or sister : to partner up with you? Or some other set up... : jom Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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