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UmutMaria · 01-08-2010, 10:43 PM

Welcome,

If it's treated as a partnership it will file a Partnership Return on Form 1065 and any income will flow directly
to the partners' personal tax returns. If the LLC paid your personal tax bill it would not be a deductible business
expense and all partners would therefore share in the payment of your tax bill.

01-08-2010, 10:43 PM	#13 (permalink)
UmutMaria Status: n00b Join Date: Jan 2010 Posts: 2 Rep Power: 0	Welcome, If it's treated as a partnership it will file a Partnership Return on Form 1065 and any income will flow directly to the partners' personal tax returns. If the LLC paid your personal tax bill it would not be a deductible business expense and all partners would therefore share in the payment of your tax bill. __________________ best tax preparation Last edited by Helse; 01-11-2010 at 01:35 AM..