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I would be more likely to trust a popular tax software such as Turbo Tax. Their software is cheap and reliable and will give you step by step instructions for filing your taxes.

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Searching the Internet for LLC Tax Software?

There are often many instances where LLC tax software might be used. This type of software program is specifically designed with LLC corporations in mind. Since these companies use specialized tax forms, it is important that any software package designed for them have these forms within the program for quick printing.


Does a bank needs an operating agreement on all their llc accounts?

You need an LLC to open a business account that is operated as an LLC but you do not need the LLC Operating Agreement (that is for you and the members) but once you set up the LLC you can go to the bank. :) go to http://ellcoperatingagreement.com to learn more!


If you own a ccorp that owns a llc and your personal account is linked to the llc account since you will pay taxes at year end anyway can you move funds from the llc to your personal account legally?

The c corp needs to issue a dividend or pay you a salary. It's important not to co-mingle funds. (you might want to talk to your accountant about this)


Do you have to file a separate federal or state tax return for an LLC?

It depends on how you have elected your LLC to be taxed. An LLC does not have its own tax return per se; it is taxed as either a sole proprietor, a partnership, or a corporation. If you have not made any election on how you want the LLC to be taxed, there are default rules: A Single-Member LLC (one owner): by default, is taxed as a sole proprietorship. In this case, the LLC would not have its own tax return -- its income and expenses would be reported on Schedule C of the owner's individual tax return (Form 1040). A Multi-Member LLC (more than one owner): by default, is taxed as a partnership. If this is the case, the LLC will file Form 1065 Partnership tax return. If the LLC does not want to fall into one of these two default classifications, they can also elect to be taxed as a corporation by filing Form 8832 "Entity Classification Election" with the IRS. If the LLC does this, they will file a corporate income tax return, Form 1120. The LLC can also elect to be taxed as a Subchapter-S Corporation by filing Form 2553 "Election by a Small Business Corporation" with the IRS. If the LLC does this, they will file an S-Corporation tax return, Form 1120-S. Most states do not require you to make an election on how you will be taxed, they simply say that they will follow whatever election that you make with the IRS. So, the first step is to determine which form you are required to file with the IRS and then you should do the same with the State. If you have not already done so, it would probably be wise for you to sit down with an Attorney or Accountant who can explain the pros and cons of each of these choices. Each tax structure has subtle differences and one may be preferable for you over the others.


Is there any software for Business Asset Management?

Maclear LLC is one of the company providing Asset Management Software. By this asset management software, the business processes are captured in the application, proper use of asset recorded and controls placed so as to reduce the risk of potential miss-use, abuse or accidents.

Related Questions

Is LLC tax software a good value?

LLC tax software is for filing taxes for a limited liability company. If you do not own one of these companies, then you should consider getting another form of tax software.


Which brands make LLC tax software?

I have not ever used LLC software for filing my taxes but I do know that Turbotax.com has great reviews and I have been using them for years. I'm sure they carry this software. They are one of the most popular and used income tax sights on the web and have many programs


How much does it cost to get an LLC in Florida?

The cost to get an LLC in Florida is 125 for the filing fee.


What is the cost to form an LLC in Massachusetts?

The cost to form an LLC in Massachusetts is 500 for the filing fee.


What is the yearly cost of owning a LLC in Florida?

The fee for filing an annual report for an LLC in Florida is $50.


What is the cost to open an LLC?

The cost to open an LLC typically ranges from 50 to 500, depending on the state where you are forming the LLC. This cost includes filing fees and other necessary paperwork.


Is a state business licence included with an LLC filing?

A state business license is separate from an LLC. Check your local state requirements for both.


Do wage earners have to worry about LLC tax returns?

Filing a LLC tax return is required of any LLC operating in the United States. If you are just an wage earner that does not own a business, then you would not have to file a LLC tax return.


What is LLC Tax Software?

LLC tax software is yet another out of the many tax software in the market today. Its not well known, but has good user reviews and its user friendly as well as inexpensive.


What are the annual fees for an LLC in Florida?

$138.75 for an LLC and you want to make sure that you file before May 1st to avoid a $400 filing fee.


How do you get free Stata software?

You can contact StataCorp LLC.


Do you need punctuation after LLC?

Yes, after the abbreviation "LLC," a comma should be used. For example: "XYZ Corporation, LLC, is a leading provider of software solutions."