I live in Gergia~ I just started a study abroad LLC company~ Basically my business is sending students to universities in other countries~ Do I just need to pay federal income and Georgia income tax?
I start a study abroad LLC~ Do I just fill out income tax?
Yes, any income the LLC earns is your personal income which you report on schedule C, then transfer the net income or loss to form 1040.
Reply:You also have to pay self employment social security tax. It is calculated together with your income tax if you file form C. Report Abuse
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment