1. No 2. Yes it is cost of the business 3. It is not illegal but in general it is the best practice that A use a credit card under the name of the LLC. Paying for something in one way or the other then expense it and reimburse to it is not a big deal. 4. When reporting tax return, A will report $110 revenue and $100 cost in the LLC's return. B does not need to do anything.
【 在 knrad (不错,我就是唐伯虎) 的大作中提到: 】 : 1. No : 2. Yes it is cost of the business : 3. It is not illegal but in general it is the best practice that A use a : credit card under the name of the LLC. Paying for something in one way or : the other then expense it and reimburse to it is not a big deal. : 4. When reporting tax return, A will report $110 revenue and $100 cost in : the LLC's return. B does not need to do anything.
If you report it as self-employment income, normally you need 1099 forms ( from whoever paid you for your service).
If you report as LLC (with EIN etc), 1099 is not required per se. LLC is more flexible in terms of deducting business operation expenses.
Either way, Yes, the income (revenue minus costs) of this LLC will be subject to the federal social security and medicare taxes to be paid by the company.
You should get an accountant to help you if you don't know anything about accounting.
先谢谢!
两口子有一方A开了公司,single member LLC做生意,另一方B就是在普通公司上班。
A用了B的个人信用卡购买原材料($100),之后将成品卖出($110). A用business
checking给B的信用卡还了$100。
报税的时候,问题是:
1. 这样情况算是B在做business吗?
2. A报税的时候,这$100算不算成本 cost,可以deduct掉?
3. 这种行为是不是需要尽量避免?如,A买原材料的时候,只用自己的个人信用卡,或者自己开的商业信用卡。
4. B需不需要在夫妻联合报税时报这$100刀的收入,和$100刀的开支(原材料)?
再次谢谢!
1. No
2. Yes it is cost of the business
3. It is not illegal but in general it is the best practice that A use a
credit card under the name of the LLC. Paying for something in one way or
the other then expense it and reimburse to it is not a big deal.
4. When reporting tax return, A will report $110 revenue and $100 cost in
the LLC's return. B does not need to do anything.
如果有llc,就自己。
可以pass through按照个人报税吗?如果可以还需要交公司的联邦税吗?
【 在 knrad (不错,我就是唐伯虎) 的大作中提到: 】
: 1. No
: 2. Yes it is cost of the business
: 3. It is not illegal but in general it is the best practice that A use a
: credit card under the name of the LLC. Paying for something in one way or : the other then expense it and reimburse to it is not a big deal.
: 4. When reporting tax return, A will report $110 revenue and $100 cost in : the LLC's return. B does not need to do anything.
不同公司的账户不要混用,企业和个人账户不要混用。LLC的一个好处是credit
protection,但混用账户会损害credit protection。
【 在 frankleobus (金牛_牛马精神_马到成功) 的大作中提到: 】
: 先谢谢!
: 两口子有一方A开了公司,single member LLC做生意,另一方B就是在普通公司上班。
: A用了B的个人信用卡购买原材料($100),之后将成品卖出($110). A用business
: checking给B的信用卡还了$100。
: 报税的时候,问题是:
: 1. 这样情况算是B在做business吗?
: 2. A报税的时候,这$100算不算成本 cost,可以deduct掉?
: 3. 这种行为是不是需要尽量避免?如,A买原材料的时候,只用自己的个人信用卡,或
: 者自己开的商业信用卡。
: 4. B需不需要在夫妻联合报税时报这$100刀的收入,和$100刀的开支(原材料)?
: ...................
If you report it as self-employment income, normally you need 1099 forms (
from whoever paid you for your service).
If you report as LLC (with EIN etc), 1099 is not required per se. LLC is
more flexible in terms of deducting business operation expenses.
Either way, Yes, the income (revenue minus costs) of this LLC will be
subject to the federal social security and medicare taxes to be paid by the company.
You should get an accountant to help you if you don't know anything about
accounting.
【 在 wass (...) 的大作中提到: 】
: 如果有llc,就自己。
: 可以pass through按照个人报税吗?如果可以还需要交公司的联邦税吗?