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28 Oktober 2008

Re: [taxchat] Husband-Wife LLC & OIH

after reading all of this thread, it seems to me IF irs really wants to "simplify" things, h/w reporting a sched C would be the way to go whether its an LLC or not.  just the reduction of paperwork makes sense ... but who says irs makes sense ...
lynne

Mel Wolfson wrote:



It seems that Gear Up, NATP agree on this. I heard the same mentioned by a speaker from NSTP at the most recent IRS forum. Logically, it makes sense that if the spouses are operating as one entity recognized as such by state law, they should report their income in a manner that reflects this.

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