Are Form 1065 Schedule M 3 Dont 2021-2023

Instructions and Help about Are Form 1065 Schedule M 3 Dont

I hey they're party people Jim Hart back out to here today again from Hawthorne law with another amazing crazy video today and today I want to answer another user question today's question is can you do a video on how to file federal taxes as sync as a single member LLC so make sure you stay tuned to the end of the video today because I have a special surprise and store for you something I'm doing that I have not done for a while so if you've been listening to this in October of 2023 I'm going to talk about the special surprise here at the end is a really important question it's a simple question but it's a hard question at the same time if you're a single member LLC the way you're gonna file your taxes is you're going to include all your business income and losses on your Schedule C which gets attached to your 1040 so it's actually fairly straightforward and easy the hard part about this is you need to make sure that during the course of the year you're keeping track of all your business income and expenses so that you can include that information on your Schedule C so you're going to know how much money you made you're going to need to know how much you paid in business expenses and these expenses could be anything from rent so this office I'm in right here I paid rent for this office that's a business expense it could be for software you purchased for the business it could be for you know the computer you purchased for the business I know most people use their computers for business and personal you're gonna need to talk to an accountant about how to...