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PhoenixLabs
10-27-2015, 04:00 PM
I am a single person LLC and read that I need to fill out a schedule C forum for my Taxes, in addition to this I collect sales tax from sales. Will my post tax sales be taxed as earned income along with my earned income from my job? Line 12 on the 1040 is for business income.

Also no that I am an LLC, can I put my health insurance under line 29? or do I need to have purchased my health insurance for myself AS a business owner.

Also how is social security factored into this? is SS only taxed on my W-2 earnings or what?


Would appreciate some quick input or a good link to a tutorial for taxes for Single Person LLC