Did you create your LLC or corporation years ago, haven't filed its tax returns for a while, and cannot remember how it should be treated for federal income tax purposes (for example, whether your LLC is a disregarded entity, an S corporation, or a C corporation)? This is a *must* before you get this business entity caught up on its tax return filings.
๐ Do you have unfiled taxes for several years? Book a FREE, no-judgment consultation with my firm by calling 866-8000-TAX or by booking an appointment here: choicetaxrelief.com/free-unfiled-tax-returns-consultation/?utm_source=youtube&utm_medium=description&utm_campaign=unfiled-consult
Mentioned IRS Line:
-Business and Specialty Tax Line and EIN Assignment (800-829-4933)
Table of Contents:
0:00 Unsure If Your Business Is an S Corp or a C Corp?
0:30 S Corps and C Corps Are Taxed *Very* Differently
1:07 "What Kind of Business Entity Did You Set Up?"
1:31 Using the IRS ENMOD Transcript to Determine If Your Business Made the S E...