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From TaxAlmanac
Father died and child (age 10) receives social security income. Shall I report that income on the child's tax return or the mother's tax return?
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Tax advantages with an additional LLC member?
I need you guys help on this subject. An attorney, the best attorney in the county according to my client, had helped my client to form a single member LLC sometime ago which I did not know until yesterday. According to my client, this attorney told him to go consult his tax accountant about adding a new member to his single member LLC. Because that will drastically decrease his tax liability. Am I missing something here? I think his son is in his mind.


