Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-06-2015, 05:45 PM
Junior Member
 
Join Date: Apr 2015
Posts: 1
Series LLC

I currently have several LLCs that we are looking to combine and condense down. I have heard of Series LLCs which allow you to put different LLCs with different partners and fuctions on to one return. This would save me money on my tax prep and be easier to show to lenders for real estate loans. The majority of the LLCs that I have contain rental property and make money in different real estate matters.

Does anyone know how to take my current LLCs and do this Series LLC set up? I have extensions filed for my LLCs for 2014 as of now. Is it to late to set this up o my 2014 tax forms?

A few more things to know:

1) The company I would most likely combine the other LLCs into is an LLC but we selected to be taxed as an S Corp. Not sure if this is a big deal or not
2) I live in Oklahoma(I read somewhere that it is one of the states that DOES recognize these Series LLCs)

THanks



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
IRS announces that taxpayers can buy U.S. Series I Savings Bonds with their tax refund! TaxGuru General 0 06-10-2010 05:42 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.