![]() When it comes to the LLC classification, there are a handful of configurations that determine how you file your business's taxes. How different types of LLCs prepare and file their taxes ![]() With the right forms in hand and a general knowledgebase, you can ensure that the IRS won't come knocking on your door at a later date. If you've incorporated your venture as an LLC, or limited liability company, then you have specific tax considerations to keep in mind when you have a looming tax filing deadline. This story is for a small business owner operating under an LLC who needs additional information about how to file their business taxes.Īs the owner of a small business, ensuring your taxes are handled properly and on time is important.Like other business types, LLCs offer some deductions that can further reduce your tax burden.Getting taxed like a corporation is possible under an LLC, which may result in lower tax rates overall.How your LLC is taxed depends on how many members it has on its roster.
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