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113 points jimhi | 1 comments | | HN request time: 0.613s | source
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jekwoooooe ◴[] No.44475085[source]
A good way to get audited is to follow this advice

An llc is not a tax entity also

replies(2): >>44475298 #>>44475349 #
1. withinboredom ◴[] No.44475298[source]
When you create your tax id for an LLC, you get two choices on how you want to be taxed. You can choose to tax it as an individual or as an S-corp. There are tax implications and it affects how you do taxes.