Question

Can a tax expert help me to run the numbers for my LLC as a S or C corp pls? Thanks.

Forum|Forum|6 years ago
July 21, 2019
1 reply
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Can a tax expert help me to run the numbers for my LLC to file as a S or C corp pls? Thanks.

TurboTax Live Self Employed

Employee

@sheikhpancham wrote:
Can a tax expert help me to run the numbers for my LLC to file as a S or C corp pls? Thanks.

You are going to have to clarify what you mean by "run the numbers" and provide more details if you want to receive some sort of reasonable answer on this board.

You also might want to consider the fact that if you have a single-member LLC, then a separate return will need to be filed if you make an election to be taxed as a corporation (1120-S or 1120) which will have the effect of increasing your accounting/tax prep costs. Further, a C corporation is subject to double taxation (i.e., taxed at the corporate level and the personal level).