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  2. What Documents Do I Need to File My LLC Taxes? - AOL

    www.aol.com/documents-file-llc-taxes-162028566.html

    There is no federal LLC return, although states may have forms for LLC taxes. Instead, at the federal level each LLC’s tax status is assigned by default depending on the business ownership ...

  3. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    Under partnership tax treatment, each member of the LLC, as is the case for all partners of a partnership, annually receives a Form K-1 reporting the member's distributive share of the LLC's income or loss that is then reported on the member's individual income tax return.

  4. Free File - Wikipedia

    en.wikipedia.org/wiki/Free_File

    The Free File Program, a public-private partnership between IRS and private-sector tax software companies, allows lower- and middle-income taxpayers to use name-brand tax preparation software to prepare and file tax forms for free. For 2022, anyone whose adjusted gross income is $73,000 or less will be eligible for at least one software product ...

  5. Partnership taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Partnership_taxation_in...

    Partnerships are "flow-through" entities. Flow-through taxation means that the entity does not pay taxes on its income. Instead, the owners of the entity pay tax on their "distributive share" of the entity's taxable income, even if no funds are distributed by the partnership to the owners. Federal tax law permits the owners of the entity to ...

  6. How Can I Reduce My Taxes? Your Tax Questions, Answered - AOL

    www.aol.com/reduce-taxes-tax-questions-answered...

    For 2024, your eligible unreimbursed healthcare costs that exceed 10% of your adjusted gross income (AGI) are tax-deductible. If you or your spouse is 65 or older, you can deduct expenses that ...

  7. Living in the 9 States With No Income Tax: Pros and Cons - AOL

    www.aol.com/9-states-no-income-tax-160012147.html

    8. Washington. With no income tax to rely on, the state of Washington charges a higher sales tax to bring in revenue. At 6.5%, the state’s tax rate is among the highest in the nation. Washington ...

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