Single member llc tax rate


If you're the sole owner of your LLC, the IRS will consider it a disregarded entity and you'll report all profits and losses on a Schedule C tax form "Profit or Loss from Business"which you'll submit with your form. If your business is providing a service or selling a product, you'll also pay self-employment taxes on any profits using Schedule SE "Self-Employment Tax". However, if your company is involved in a passive business e.
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