Only the taxable income is ever taxed (revenues minus deductible expenses). In your example, the taxable income would be $168,000.
Assuming your girlfriend does not elect to have the LLC...
Type: Posts; User: Herdo; Keyword(s):
Only the taxable income is ever taxed (revenues minus deductible expenses). In your example, the taxable income would be $168,000.
Assuming your girlfriend does not elect to have the LLC...
Hello! Without going into too much detail I will try to give a quick rundown of the scenario I am in (or rather my significant other) to better explain the questions I have. My longtime girlfriends...