New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
With 4 children and not-working wife, I have good tax deductions on W-2. Is it worth making LLC if I make 110k salary and make some trading/investment business?
Anar,
As far as I know you can maintain your W-2 employment and at the same time own an LLC. You can then run your trading/investment business using this LLC and have its profits (or losses) pass through to your personal tax return.
While we could help you register your LLC if needed, with a tax question with so many potential caveats, I would highly recommend seeking the consultation of a licensed accountant/CPA.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
