Hi All,
Require a bit of advice from practicing accountant, I own two companies in the USA, one is sole member LLC and the other one is C Corp where I'm 100% shareholder. Just wanted to know that if I'm not withdrawing any income from C corp then I shouldn't include anything in my tax return in relation to this? or is there any requirement to disclose or include anything on the personal tax return? any help would be highly appreciated.
Require a bit of advice from practicing accountant, I own two companies in the USA, one is sole member LLC and the other one is C Corp where I'm 100% shareholder. Just wanted to know that if I'm not withdrawing any income from C corp then I shouldn't include anything in my tax return in relation to this? or is there any requirement to disclose or include anything on the personal tax return? any help would be highly appreciated.