Quote:
Originally Posted by jwasbury
I like the intuit family of software products, and they are designed to be user friendly for non-accountants. ....snip...
snip....Under IRS rules a single member LLC is taxed as a Sole Proprietor (Schedule C attached to Form 1040) by default unless a specific election is made. A LLC with more than one member is taxed as a partnership (Form 1065) by default.
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^^^^^ This
Good info every business should know
Previously used the TT as well. Once I got married and started a couple business including an LLC, used the Intuit products briefly but eventually let the CPA handle it all. A few hunsky is worth the piece of mind, if I had a CPA background I'd probably still do it myself.... but I don't, so I don't...
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Former Test driver & Production Manager Singer Vehicle Design
2009 Cayenne GTS, '81 911SC RoW Targa (lot's of goodies), '86 535csi, '84 633 csi (turbo charged-sold)
, '68 912 Targa (sold)
, '69 911E (sold)
"Dream it, Believe it, Decide it, DO it "