Here are the top 10 options for people earning less than $66,000 or so. From income to state tax, here's what you need to know about taxes. The llc's income and expenses are reported on schedule c of their personal income tax . There are plenty of free tax services online to help you file your return. Florida also has no state income tax.
However, because no state tax for ordinary income is imposed by florida, llc owners in florida who have classified their companies as partnerships do not have . By default, llcs themselves do not pay income taxes, only their members do. If the llc filing its federal income tax return as a partnership has other .
Source: ptmoney.com