Category: General

Do LLCS pay taxes in Delaware?

Delaware treats a single-member “disregarded entity” as a sole proprietorship for tax purposes. This means that the LLC itself does not pay taxes and does...

What is line 9b on 1099-R?

Box 9b displays the taxpayer’s total investment in a life annuity from a qualified plan. This amount is used to compute the taxable portion of the distrib...