If I form an LLC in the U.S., will I have to file a U.S. tax return or pay tax on my share of the LLCs income?

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If I form an LLC in the U.S., will I have to file a U.S. tax return or pay tax on my share of the LLCs income?

April 26, 2017file form income LLC pay share tax tax return

1 Answer

score 0 · Answer 1 · 2009-04-25T15:50:35+00:00

Income derived from self-employment of $400 or more is generally subject to self-employment tax. However, income from passive activities such as investments in a limited partnership, interest, dividends, and royalties is usually not subject to self-employment tax.

If I form an LLC in the U.S., will I have to file a U.S. tax return or pay tax on my share of the LLCs income?

1 Answer

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