Currently my situation is (I'm 18 this is my first year that I'm going to need to deal with taxes) that based off what I've already made so far this year I'm assuming I will make around $50,000 by the end of the year through one of my online businesses.
The problem with that is now I need to pay Self Employment Taxes (around $7,065) on top of Income Taxes (around $12,008), based off what I've heard registering an LLC and putting my income in there has some tax benefits.
So now my question is, based off what I've already made (before registering the LLC) will I be able to transfer my current income into the LLC before the end of the year so I can get the benefits of having the money in an LLC?