RE: [taxchat] Husband-Wife LLC & OIH

Lynne,

I'm not good at finding these cites in the tax code and regs.  I have information from seminars and other sources that I read. If I can find it, I'll post it.

 

Donna J. Perrone, EA

East Haven, CT

203-469-4939

203-468-2038 fax

 

 

IRS Circular 230 Disclosure: Unless expressly stated otherwise, any tax advice contained herein, including attachments and enclosures, is not intended or written to be used, and may not be used, for the purpose of (1) avoiding tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax-related matters addressed herein.

 

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From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Lynne Ayton
Sent: Tuesday, October 28, 2008 5:08 PM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Husband-Wife LLC & OIH

donna, can you give me a site for this?  fed says you can file MFS, but if you live in certain states, you cant.  tho't it goes by state law.
lynne


Donna J. Perrone wrote:

Lynne,

Federal law says you can't do it.....

 

Donna J. Perrone, EA

East Haven, CT

203-469-4939

203-468-2038 fax

 

 

IRS Circular 230 Disclosure: Unless expressly stated otherwise, any tax advice contained herein, including attachments and enclosures, is not intended or written to be used, and may not be used, for the purpose of (1) avoiding tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax-related matters addressed herein.

 

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From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Lynne Ayton
Sent: Tuesday, October 28, 2008 2:53 PM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Husband-Wife LLC & OIH

drake allows you to put J on a sched c, & the 8829 automatically goes to the sched c also, but will create 1 SE's for each spouse.  WI doesnt say it "wont" allow h/w llc's, so my guess is, you can file a joint sched C if state law allows it.
lynne


Mel Wolfson wrote:

I believe that an LLC can not elect to be treated as two Schedule Cs.

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IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.

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