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Results tagged with taxes
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user 115489
For any question related to taxes and not otherwise covered by a more specific tag such as income-tax, sales-tax, capital-gains-tax etc. When asking about taxes, please also specify a country tag such as united-states, canada, united-kingdom, etc.
1
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Passthrough LLC: Do I have to file Schedule K-1 for a partner that gets 0% of profit?
However, this is often done as a courtesy, as it makes it easier for people to tick-and-tie their own taxes, and also provides a paper trail in the event of any future dispute with the IRS. …
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Schedule K-1: Capital percentage, what is someone has not contributed capital but own 50% of...
YOU SHOULD TALK TO A TAX PROFESSIONAL ASAP. THIS IS NOT TAX ADVICE.
With that disclaimer out of the way, the core of your question is the distinction between a "capital interest" and a "profit interes …
- 11