Ask Experts Questions for FREE Help!
Answer   ||    Advanced Search

Ask your question or search...
International Sites: Nederlandse experts vragen
User Name 
Password 
Join   Forgot password? 

Home > Money & Services > Taxes   »   LLC children dependents

Question
 
 
#1  
Old Jan 28, 2009, 11:54 AM
dvclay
New Member
dvclay is offline
 
Join Date: Jan 2009
Posts: 1
dvclay See this member's comment history on his/her Profile page.
LLC children dependents

Can an llc claim children dependents?

Reply With Quote
 
     

Answers
 
 
Old Jan 28, 2009, 10:54 PM   #2  
Tax Expert
MukatA is offline
 
Join Date: Nov 2007
Location: CA
Posts: 4,647
MukatA See this member's comment history on his/her Profile page.
An An LLC is classified for Federal income tax purposes as a sole proprietorship a partnership or a corporation. If the LLC has only one owner, it will automatically be treated as if it were a sole proprietorship (referred to as an entity to be disregarded as separate from its owner), unless an election is made to be treated as a corporation.

If you are a sole proprietor, then you will file your individual tax return.

Comments on this post
dvclay agrees: Thank you.
  Reply With Quote
 
     
 
 
Old Jan 29, 2009, 12:29 PM   #3  
Senior Tax Expert
AtlantaTaxExpert is offline
 
Join Date: Feb 2005
Location: Atlanta, Georgia
Posts: 13,323
AtlantaTaxExpert See this member's comment history on his/her Profile page.AtlantaTaxExpert See this member's comment history on his/her Profile page.AtlantaTaxExpert See this member's comment history on his/her Profile page.AtlantaTaxExpert See this member's comment history on his/her Profile page.AtlantaTaxExpert See this member's comment history on his/her Profile page.AtlantaTaxExpert See this member's comment history on his/her Profile page.
Only individual tax returns can claim dependents.

Corporate and partnership returns CANNOT claim dependents.
  Reply With Quote
 
     

Your Answer
Email me when someone replies to my answer
Join Login



Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Ask your question or search...



Similar Threads
SSD with dependents, in NY
(1 replies)
Want My Children to Visit Me. Order is from State Where Children No Longer Live
(8 replies)
Claiming children who lives in the philippines as dependents?
(2 replies)
dependents
(3 replies)
Children, Step-children, Niece: What a mess!
(6 replies)

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Search this Thread

Advanced Search

Bookmarks





Copyright ©2003 - 2009, Ask Me Help Desk.
All times are GMT -8. The time now is 09:24 PM.