You're not going to get audited for a $0 income on a company where no one is reporting a 1099, no one is claiming they paid you for something, you don't report sales tax anywhere.
Remember:...
Type: Posts; User: jsimone8; Keyword(s):
You're not going to get audited for a $0 income on a company where no one is reporting a 1099, no one is claiming they paid you for something, you don't report sales tax anywhere.
Remember:...
Thank you everyone to all of the insight so far!
Another question I have is in the event that there was ever an audit on a company (LLC) that reported that they did not make any money... Is there a...
As far as the IRS is concerned, a single-member LLC is a sole proprietorship and should file the same way as a sole proprietor would. Because of this, it doesn't really matter to the IRS if you use...
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I live in the state of Florida and through my research it seems that in at least some states, it is required that you file taxes for your SSN and EIN each year, even if your business makes $0. Does...