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  • LLC for EAs?

    From Stuart O. Bronstein@21:1/5 to All on Tue Sep 6 14:57:06 2022
    I have a question for the EAs out there.

    Is it permissible for an EA to set up his or her business through an
    LLC. Here in California many professionals who are licensed by the
    state are only allowed to set up a corporation or an LLP, but not an
    LLC. So I'm curious if the IRS has anything to say about this.

    Thanks for any insight you may be able to give.

    --
    Stu
    http://DownToEarthLawyer.com

    --
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  • From ira smilovitz@21:1/5 to Stuart O. Bronstein on Tue Sep 6 15:31:32 2022
    On Tuesday, September 6, 2022 at 3:02:03 PM UTC-4, Stuart O. Bronstein wrote:
    I have a question for the EAs out there.

    Is it permissible for an EA to set up his or her business through an
    LLC. Here in California many professionals who are licensed by the
    state are only allowed to set up a corporation or an LLP, but not an
    LLC. So I'm curious if the IRS has anything to say about this.

    Thanks for any insight you may be able to give.

    --
    Stu
    http://DownToEarthLawyer.com

    --

    I'm not a lawyer, but my understanding is that an LLC is a creation under state law. The IRS doesn't care about the entity choice (as long as the appropriate taxes are paid by someone). Whether an EA can operate as an LLC should be determined by state
    law.

    Ira Smilovitz, EA
    Glenwood Tax Services (not an LLC)

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Stuart O. Bronstein@21:1/5 to ira smilovitz on Tue Sep 6 17:49:33 2022
    ira smilovitz <ira.smilovitz@gmail.com> wrote:

    I'm not a lawyer, but my understanding is that an LLC is a
    creation under state law. The IRS doesn't care about the entity
    choice (as long as the appropriate taxes are paid by someone).
    Whether an EA can operate as an LLC should be determined by state
    law.

    Thanks Ira. I'm a lawyer and there's no prohibition under California
    law. I was just curious if there might be something in IRS regulations
    of EAs. Apparently not.

    --
    Stu
    http://DownToEarthLawyer.com

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)