Know Your Connecticut LLC’s Federal Tax Election Options Pass-through taxationentails a business’s profits passing through to the LLC member’s individual tax returns. Like a sole proprietorship, an LLC is taxed as a pass-through entity, also known as a disregarded entity. Once this process ...
An LLC, or limited liability company, is a formal business entity controlled by its ownership group. LLC owners, formally known as LLC members, assume the profits and losses of their company via a “pass-through” tax structure. There are single-member LLCs and multi-member LLCs. An LLC ...
An LLC, or limited liability company, is a formal business entity controlled by its ownership group. LLC owners, formally known as LLC members, assume the profits and losses of their company via a “pass-through” tax structure. There are single-member LLCs and multi-member LLCs. An LLC ...
All business entities in CT are subject to a business entity tax of $250 that’s due every other year. Since LLCs are pass-through entities, they don’t pay taxes at the federal level. Instead, the income passes through to the members who report the income on their personal returns. Si...
Limited Liability Company (LLC) : An LLC is the most common entity type chosen by small business owners. A "hybrid entity", it provides the liability protections offered by a standard corporation with the simplicity and flexibility of pass through taxation. LLCs are attractive among small busines...
Sportsbooks in all states are required to pay a federal excise tax of $0.25 on betting handle. The tax rate in Connecticut on sports betting (and fantasy sports) is 13.75% of gross gaming revenue (money bet, minus money paid out.) As a state entity, the Connecticut Lottery does not pay...
become the most densely populated residential siting of wind turbines in America. This reported fact was never disputed by either the developers or the Siting Council. The Siting Council is the responsible state entity for the review and approval of all energy infrastructure installations in the ...
At issue in the case is the Universal Service Fund, which the FCC collects from telecommunications providers, who then pass the cost on to their customers. A conservative advocacy group, Consumer Research, challenged the practice. Programs funded through the USF provide phone service ...
If things turn sour with your tenant, we help Landlords enforce their property rights through the eviction process. Being foreclosed on by your bank, mortgage company, or a tax authority? There are a few options that you can choose from to meet your obligations. Being foreclosed on is not ...
“This farm has been in my family since 1768,” Tuller said. “The only way it could pass (as a working farm) to another generation was through an easement from the trust, since the development value is so high.” Tickets for the 2011 Celebration of Connecticut Farms are $150 per perso...