Ask Experts Questions for FREE Help !
Ask
    ben_slavin2's Avatar
    ben_slavin2 Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 15, 2010, 10:03 AM
    Can a single-member (owner) LLC, taxed as a Sub-S, file for NY State Unemployment?
    I have a business in NY State, as an LLC. My understanding is if I am taxed as Sub S, I could file for unemployment. Is this true? If so, which (additional) forms do I need to complete?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Apr 30, 2010, 12:59 PM
    The first question is: did your LLC hire you as an employee and formally withhold federak and state income taxes and FICA taxes?

    Second, while employing you, did your LLC pay state unemployment taxes?

    If the answer to both is YES, then you probably can claim unemployment benefits.

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!

S Corp 100% owner in LLC (Taxed as S Corp), How do I account for LLC on S Corps books [ 1 Answers ]

I have an S Corp that is a 100% owner in an LLC (which is taxed as an S corp). I am preparing the taxes for the companies and have run into a problem. I have given the S corp the k-1 from the llc and put the $'s into "other income" (Income section, line 5 1120s schedule). However, in filling in...

Single Member LLC or Partnership (Husband/Wife) LLC (Tax Advantages) [ 1 Answers ]

Hello, My wife is winding down to her last semester in college and has already gotten really busy with freelance work. In the midst of all this work is contracts, deadlines, and money. On the side we have been doing photography work for a little over a year now, but will no doubt get a lot...

Single Member LLC filed wrong form? [ 4 Answers ]

I'm helping my husband do his taxes this year. He has a new business formed as a single member LLC in 2005. His tax preparer filed form 1065 for 2005. I understand that this should be file on Schedule C. Is that correct? If they did in fact file the wrong form for 2005, what do we have to do...


View more questions Search