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-   -   Accounting & tax question (https://www.askmehelpdesk.com/showthread.php?t=731685)

  • Feb 1, 2013, 08:38 AM
    gms12
    Accounting & tax question
    My husband and his brother owns a small business in Florida which is an LLC. I run and work the business and I do not pay myself because the business doesn't make enough money. When its time to do our personal income tax return my income is 0. I want to pay myself from the business and receive a W2 at the end of the year, that way I show an income as well as pay social security and unemployment taxes through the business but because the business doesn't have the money I would then have to deposit the funds from my payroll check back into the business which I place it under a loan from the owner. Can this be done legally?

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