Tag: LLC taxation

A Single-Member Limited Liability Company (LLC) is a popular business structure due to its simplicity and flexibility. One of the key benefits is how it's taxed, often considered a disregarded entity for federal tax purposes, blending seamlessly with your personal income taxes. This article explains what that means and how to navigate tax filing as a single-member LLC owner. We’ll discuss how these entities are treated by the IRS, the unique deductions available, and common tax-time strategies.