Tax Plan
TAX PLAN
TYPE OF ENTITY
Specifically, a domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832
FORMS OWED ANNUALLY TO IRS
Specifically, a domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832
FORMS OWED ANNUALLY TO INVESTORS
Specifically, a domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832
ESTIMATED TAX PAYMENTS
Specifically, a domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832
EMPLOYMENT TAXES
When you have employees, you as the employer have certain employment tax responsibilities that you must pay and forms you must file. Employment taxes include the following:
- Social security and Medicare taxes
- Federal income tax withholding
- Federal unemployment (FUTA) tax
For additional information, refer to Employment Taxes for Small Businesses.
TAXES ON PROFIT
When you have employees, you as the employer have certain employment tax responsibilities that you must pay and forms you must file. Employment taxes include the following:
- Social security and Medicare taxes
- Federal income tax withholding
- Federal unemployment (FUTA) tax
For additional information, refer to Employment Taxes for Small Businesses.
DEPRECIATION
When you have employees, you as the employer have certain employment tax responsibilities that you must pay and forms you must file. Employment taxes include the following:
- Social security and Medicare taxes
- Federal income tax withholding
- Federal unemployment (FUTA) tax
For additional information, refer to Employment Taxes for Small Businesses.
COMMON MISTAKES
When you have employees, you as the employer have certain employment tax responsibilities that you must pay and forms you must file. Employment taxes include the following:
- Social security and Medicare taxes
- Federal income tax withholding
- Federal unemployment (FUTA) tax
For additional information, refer to Employment Taxes for Small Businesses.
DEDUCTIONS
When you have employees, you as the employer have certain employment tax responsibilities that you must pay and forms you must file. Employment taxes include the following:
- Social security and Medicare taxes
- Federal income tax withholding
- Federal unemployment (FUTA) tax
For additional information, refer to Employment Taxes for Small Businesses.
