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| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3335 |
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Eventually, the income, losses, gains, deductions, and credits pass from the LLC to its members, without being taxed at the LLC level, unlike the corporate set up that shoulders an income tax rate of either 15%, 25%, or 34% on corporate net income and another round of taxes when distributed to shareholders as a dividend...
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Whether actually or constructively received, the share in income and loss of operations in an LLC are reported in each member's individual income tax returns. Therefore, in terms of reporting and paying income tax, an LLC is viewed as a cluster of individuals rather than as a separate entity.
The character of an income or loss item for an LLC will be the same for its members...
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General points of the essay
accounting for income taxes
Canadian Income Tax I
Income Elasticity of Demand
Income Smoothing
Income Tax Law Research
Income Tax Research
Income Tax
Income Taxes
Wage Income
National Income
Income Tax in India
income
Household Income
Income GAPS
Income Gap
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