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Dec 12, 2008

Important Deadline Looms for One-Owner LLCs

Beginning January 1, 2009. Soon solo owners of limited liability companies (LLCs) will no longer be able to file employment tax returns and pay employment taxes in their own names. Tax specialists Terry Myers and Dee DeScherer discuss the new rules in detail and provide a client letter that could be adapted and sent to affected clients.
Next Step: Learn more about hour your LLC clients could find themselves having to file employment taxes under one EIN and income taxes under another.
Soucre: Intuit
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