Ask Experts Questions for FREE Help !
Ask
    PETERLI's Avatar
    PETERLI Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 3, 2009, 09:10 AM
    How LLC is taxed on compensation
    How will a member of a multimember LLC be taxed on compensation? Will they receive a 1099 or a K1 at the end of the year?

    Thanks!
    MLSNC's Avatar
    MLSNC Posts: 158, Reputation: 17
    Junior Member
    		  
    #2

    Apr 3, 2009, 06:30 PM

    If the LLC is being taxed as a partnership, then the partners' income would be reported on a K-1.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How do I file my taxes with part non taxed and part taxed per diem [ 1 Answers ]

My job extended past the 12 month period. My per diem was non taxable for 4 months of 2008 and taxable for the remaining 8 months. I am still on this project with perdiem being taxed and should complete assignment end of April 2009. How do I file my taxes. I usually use the government allowed rate...

How much income before SSI is taxed? [ 2 Answers ]

How much income filed jointly, before disability is taxed?

Being Taxed by All! [ 1 Answers ]

My husband works and lives in Maryland for a company out of Moorestown, NJ but is being taxed by NJ state and SUI/SDI. Is this right??

L1 taxed [ 1 Answers ]

Dear Sir, I have L1 visa but I keep shuttling between US and India every 5 months. Do I need to file US tax return though I get an allowance of 3000/month? Thanks. Kartik

View more questions Search