Single Member LLC - How To File Income Taxes in 2022

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  • Опубліковано 20 лип 2024
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    #taxes #business #taxprofessional #llc #scorp #smallbusinessowner #newbusinessowner #wealth #justaskkarla #kdainc #karaldennis

КОМЕНТАРІ • 331

  • @rizkarinaangrenani1568
    @rizkarinaangrenani1568 8 місяців тому +10

    I always come back to your videos every year when filing my taxes. Just in case no one has said it today, you're so awesome and appreciated!!

  • @user-uu6cl1xd9x
    @user-uu6cl1xd9x 10 місяців тому +11

    This video was enormously helpful for a first-time having an LLC. I am new to all of this Federal Tax when it comes to small business. Thank you for all this valuable information.

    • @KarlaDennis
      @KarlaDennis  10 місяців тому

      Glad it was helpful! Best of luck to you and your business : )

  • @malcolmhigdon4245
    @malcolmhigdon4245 3 місяці тому +1

    Great video Karla, she's always on point as usual, she nailed it. It was clear and concise with the right amount of information that i needed. Thank you!

  • @tienneslife6394
    @tienneslife6394 9 місяців тому

    Thank you so much for all that information, that was very helping!

  • @normaleestudio8444
    @normaleestudio8444 7 місяців тому +1

    "Best video I have come across regarding taxes for an LLC. Thank you!

  • @iamfig23
    @iamfig23 9 місяців тому +5

    I love how clear and precise you are. I’m wanting to file for an llc in Indiana

  • @kylemcmahon6331
    @kylemcmahon6331 6 місяців тому +1

    This helped calm my senses a bit as I begin my first tax round in the near future -- thanks for the great video!

  • @victorianash1133
    @victorianash1133 4 місяці тому

    This video helped ease my anxiety as a first time business/LLC owner. I have been overwhelmed by tax questions ever since I formed my business earlier this year. Thank you!

  • @TexasMo1
    @TexasMo1 Рік тому +1

    Literally the best video I found on the subject!!!! Thank you!!!!

  • @glowencycandle
    @glowencycandle Рік тому +1

    Omg! this is what I was looking for. I was doing my SM llc taxes on Taxslayer got stuck but your video solved my problem. Thank You!

  • @alissaf6423
    @alissaf6423 2 місяці тому

    This was so informative. Thank you for sharing

  • @BlueAngelPhantoms
    @BlueAngelPhantoms 5 місяців тому +1

    Incredibly helpful! Thanks for this outstanding overview.

    • @KarlaDennis
      @KarlaDennis  5 місяців тому

      Very welcome! Thank you for this feedback !

  • @rtnoi8585
    @rtnoi8585 Рік тому +1

    Thank you so much, I learn so much from your video, i've been take training for years I never learn all these infomation.

    • @KarlaDennis
      @KarlaDennis  Рік тому

      Of course, let me know if you have any questions

  • @TerraLineaLLC
    @TerraLineaLLC Рік тому +2

    Thank you, I needed this information. This is the first time hearing about the Statement of Information with the Secretary of State.

    • @KarlaDennis
      @KarlaDennis  Рік тому

      You are very welcome. : ) Let me know if there is any questions you have :)

  • @chanella412
    @chanella412 6 місяців тому

    Thank you for the advice and information ❤

  • @aryanasmith4426
    @aryanasmith4426 11 місяців тому

    I extremely like the video, man. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.

    • @KarlaDennis
      @KarlaDennis  11 місяців тому

      I appreciate that! Thanks for watching and giving feedback : )

  • @grumpycatdad
    @grumpycatdad 6 місяців тому +1

    You are the best. Thank you so much for this insight. Created a single member LLC in 2023 and getting ready to file this year. Lots of learning and your video helped me to better understand what to do. 😊

    • @KarlaDennis
      @KarlaDennis  6 місяців тому

      You are so welcome! First year In business, good luck and please do not hesitate to ask any questions you have. I will try my best to get to them whenever I have a chance here !

  • @damm916
    @damm916 4 місяці тому +1

    ABSOLUTELY enjoyed it! Extremely informative for a “layman” like myself!
    Really appreciate it! Thank You!

    • @KarlaDennis
      @KarlaDennis  4 місяці тому

      Glad you enjoyed it! Thanks for the feedback as well : )

  • @FoodTrucksForDummies
    @FoodTrucksForDummies 9 місяців тому +2

    You just saved me from hiring a tax professional. Thank you 🙏🏾

  • @mstrpuppet
    @mstrpuppet 5 місяців тому

    great and straight-forward information explained nicely

  • @jeffclimbs
    @jeffclimbs 5 місяців тому

    Most helpful video of its type I’ve watched. Thank you!

    • @KarlaDennis
      @KarlaDennis  5 місяців тому

      Glad it was helpful! Thanks for the feedback.

  • @zachtaylor4872
    @zachtaylor4872 Рік тому +2

    Appreciate the advise, starting my first legit business hanging Christmas lights in Southern California !

    • @KarlaDennis
      @KarlaDennis  Рік тому

      YESS, Do it. and be sure to keep checking in so you know about all of the do's and dont's as an LLC. :) Also, check out my video on building business credit, may help

  • @kcaldwell3371
    @kcaldwell3371 10 місяців тому

    I’m excited to watch all of your videos to keep me out of a “slinky”!

  • @lorlast5204
    @lorlast5204 Рік тому

    I am subscribing now! ❤ thanks for the info

  • @charliekowaleski8075
    @charliekowaleski8075 7 місяців тому

    thank you so much that helped me an incredible amount!

  • @krislamchin
    @krislamchin 11 місяців тому

    This was SO incredibly helpful, thank you so much!

  • @marcyflow
    @marcyflow 2 роки тому

    Thank you for the video, I love the way you explain everything, please make a video filling each page with the information of the 1099 and W2 together plus expense, Thanks again

  • @kevinwhelan9014
    @kevinwhelan9014 Рік тому

    Thank you! So clearly explained. Love this.

  • @jennifergarber8334
    @jennifergarber8334 2 роки тому +1

    what a great simple explaination, thank you

  • @Tngprints
    @Tngprints Рік тому +1

    Thanks, a lot such good information!!

  • @talishadehoyos7298
    @talishadehoyos7298 7 місяців тому

    Great info all of the EIN, LLC & bank account I hope this is as easy as it sounds :)

  • @netta8810
    @netta8810 3 місяці тому

    Oh this is so helpful!

  • @debrahuynh261
    @debrahuynh261 9 місяців тому

    Thank you so much for sharing your gifts 🙏🙏❤

  • @JohnDoesItAll
    @JohnDoesItAll Рік тому +1

    You answered all my questions thank you

    • @KarlaDennis
      @KarlaDennis  Рік тому +1

      You are welcome, Thanks for watching !

  • @Drivebynature
    @Drivebynature 6 місяців тому

    Great Video, Thank you so much!

  • @consumerdebtchitchat
    @consumerdebtchitchat Рік тому

    This gurl don't play 😅❤️❤️. New sub with a two-week-old LLC
    Outstanding information.

  • @jasonsignor7237
    @jasonsignor7237 2 роки тому +2

    Outstanding content! You answered several questions that I’ve had for quite a while.

  • @B58_Bless
    @B58_Bless 5 місяців тому +1

    I just started an LLC and was looking all around on HOW to file and if I needed to file a separate tax form for my LLC. You made it so clear and very confident on what needs to be done. I like your video and now will subscribe. Thank you and God bless 🙌

    • @KarlaDennis
      @KarlaDennis  5 місяців тому +1

      WOW, thank you so much for the feedback and I'm so happy I was able to give you the help you needed, thank you !

    • @B58_Bless
      @B58_Bless 5 місяців тому

      @@KarlaDennis Such an honor 🎖 thank YOU 🙏

  • @ewssw54321
    @ewssw54321 3 місяці тому

    This is very informative, in layman's terms & through, TY!!

  • @TEDVANG1
    @TEDVANG1 Рік тому +1

    Amazing VDO thank you so much.

    • @KarlaDennis
      @KarlaDennis  Рік тому

      You are welcome, thank you as well : )

  • @robinmonk304
    @robinmonk304 6 місяців тому

    Very informative. You are very clear - thank you!

    • @KarlaDennis
      @KarlaDennis  6 місяців тому

      Glad you enjoyed it! You are so welcome

  • @tapanshah2831
    @tapanshah2831 Місяць тому

    Thanks for help.

  • @aaronogara8091
    @aaronogara8091 Рік тому +1

    Thank you, this was super helpful!

  • @eddiejr
    @eddiejr 2 роки тому +1

    thank you for this video

  • @candlemanFX
    @candlemanFX 2 роки тому

    Hi Ms Karla❤️‍🔥❤️‍🔥❤️‍🔥❤️‍🔥
    Thank you for this education ..

  • @itssdreda7784
    @itssdreda7784 Рік тому +1

    Thanks for all your knowledge

    • @KarlaDennis
      @KarlaDennis  Рік тому

      No worries, thank you as well for tuning in , hope this information is helping : )

  • @jbl516
    @jbl516 Рік тому +1

    Thanks for the video. It is very informative.

  • @alosfilms
    @alosfilms Рік тому

    Great info. Thank you!

  • @dangerousmelody3
    @dangerousmelody3 Рік тому

    Thank you ! Your information is very clear !

    • @KarlaDennis
      @KarlaDennis  Рік тому

      You are welcome! Thank you for that feedback : )

  • @THELASTRID3R
    @THELASTRID3R Рік тому +1

    Thanks Karla, this is great information!

  • @Donniemane
    @Donniemane Рік тому +1

    Thank you this video is simple informative and straight forward

    • @KarlaDennis
      @KarlaDennis  Рік тому +1

      Thank you very much for tuning in. Hopefully you can subscribe : )

    • @Donniemane
      @Donniemane Рік тому

      @@KarlaDennis just did

  • @IWestexI
    @IWestexI 5 місяців тому

    Very well explained. Thanks for your help

    • @KarlaDennis
      @KarlaDennis  5 місяців тому +1

      No worries! Thanks for the feedback

  • @resagu
    @resagu Рік тому +2

    Good Job .... Very Usefull Info

    • @KarlaDennis
      @KarlaDennis  Рік тому

      Thanks Renso, glad it helped you ! much more to come

  • @everydaydan
    @everydaydan 4 місяці тому

    Really good thanks!

  • @Appasahebpatil
    @Appasahebpatil Місяць тому

    Excellent information for beginners

    • @KarlaDennis
      @KarlaDennis  24 дні тому

      So happy it was helpful, thanks for the feedback as well!

  • @Mrcool12684
    @Mrcool12684 Рік тому +1

    This helped out more than you know! Absolutely awesome and thank you

  • @coachandreachandler
    @coachandreachandler 11 місяців тому +1

    Thanks Karla! Great information

  • @gloriasshito5291
    @gloriasshito5291 Рік тому

    This was very informative. Thank you.

  • @julietcrocker7788
    @julietcrocker7788 7 місяців тому

    Excellent presentation.. Easy to follow and understand

    • @KarlaDennis
      @KarlaDennis  6 місяців тому

      Glad you liked it Thank you for that feedback

  • @realkelliwilliams5732
    @realkelliwilliams5732 Рік тому

    Thank you so much, you are a lifesaver well business saver ❤

  • @dawnsimpson7484
    @dawnsimpson7484 3 місяці тому

    Thank you so much.

  • @Daydream3r87
    @Daydream3r87 Рік тому +8

    This is EXACTLY the information I needed. Straight to the point and telling us SM LLC what we need to do and how to do it correctly. Thank you so much!

    • @KarlaDennis
      @KarlaDennis  Рік тому

      You are very welcome, thank you so much for watching and I hope you can subscribe : )

  • @divineorder7695
    @divineorder7695 Рік тому +1

    Thank you for sharing this vital information with us 👊🏼💯❗ You are appreciated 💗 .

    • @KarlaDennis
      @KarlaDennis  Рік тому

      You are very welcome, more to come, hopefully you are subscribed, and thanks for watching

  • @robertopires9103
    @robertopires9103 5 місяців тому

    ❤❤❤Thank you for this amazing information. Great job this is amazing video.

    • @KarlaDennis
      @KarlaDennis  5 місяців тому

      You are so welcome! Thank you for watching.

  • @a.a.4924
    @a.a.4924 4 місяці тому

    You are amazing!

  • @roots4140
    @roots4140 2 роки тому

    So good!

  • @anupshrestha5559
    @anupshrestha5559 Рік тому +1

    THANK YOU FOR THIS
    🥰😃😃

  • @sakinahali6309
    @sakinahali6309 Рік тому

    extremely helpful, thanks.

  • @glorialangley857
    @glorialangley857 Рік тому +1

    You're awesome! Thanks!

  • @Geh610
    @Geh610 Рік тому

    Woow Thank you for all the hard work , I NEED YUOR ADVICE , I have open my LLC in 2020 but and for the first year i did not make any profit
    2021-2022-2023 in inactive also During all this years i've been failing taxes as individuals with out putting my EIN mumbler.

  • @boobookyri
    @boobookyri 5 місяців тому

    amazing video, keep on doing what you're doin!!!

    • @KarlaDennis
      @KarlaDennis  5 місяців тому

      Thank you so much, just trying to spread these videos more UA-cam seems to hide my content .

    • @boobookyri
      @boobookyri 5 місяців тому

      @@KarlaDennis Question: I have no property, no income, just expenses.
      Because I carelessly created a FL Real Estate LLC w the intention of collecting rent from my duplex/triplex. But unfortunately, I haven't been able to get a mortgage yet. So I don't have any property to mention in my Schedule E. I do however have a bunch of tallied upkeep expenses and the fees I paid for the creation of the LLC. ANY TIPS ON HOW TO FILE?

  • @SamSungOk
    @SamSungOk 2 роки тому +3

    Loved it. Every bit of it. Most of it applies to me. I'm much clearer now on what I need to do. Thank you!!!

  • @jamesrichardson9247
    @jamesrichardson9247 Рік тому

    Wow! This is a wealth of information!

  • @theokcvegetarian4253
    @theokcvegetarian4253 10 місяців тому

    Thank you for this .

  • @taimoorgilani3881
    @taimoorgilani3881 Рік тому +1

    Very nicely explained

  • @nanciamusic
    @nanciamusic 4 місяці тому

    Great video Queen! Thank you!!

  • @cjsweettreatsdesserts5650
    @cjsweettreatsdesserts5650 2 місяці тому

    thank-you this video help me so much h&r block told me that i did not have to file . when i really did trying to have me me pay a fine.

  • @_workinonme
    @_workinonme Рік тому +4

    So appreciate the gems you dropped on here. This makes me somewhat confident with filing an LLC for the first time ever. Many blessings and success to the other single member LLC’s out here❤

    • @KarlaDennis
      @KarlaDennis  Рік тому

      Thank you so much ! You got this. let me know if you have any questions : )

  • @angelwhitbeck4233
    @angelwhitbeck4233 Рік тому

    I am glad I won't be getting into a "slinky" after watching this video! Haha! Thanks so much. Great info

  • @sharleen006
    @sharleen006 Рік тому +1

    Excelente video!

    • @KarlaDennis
      @KarlaDennis  Рік тому +1

      Thank you Sharleen ! Please subscribe if you can, would love to get you more information : )

  • @joshuaseiden8073
    @joshuaseiden8073 Рік тому

    Great video thank you!

  • @caroni661
    @caroni661 Рік тому

    Thank you for the video.

  • @xolilmissdesiox
    @xolilmissdesiox Рік тому +1

    thank you so helpful

  • @chris27289
    @chris27289 Рік тому +1

    Great video! Straight to the point.

    • @KarlaDennis
      @KarlaDennis  Рік тому

      Thank you for tuning in as well : )

  • @gdem1627
    @gdem1627 Рік тому

    So Good. Thank you so much

    • @KarlaDennis
      @KarlaDennis  Рік тому

      Thank you as well, have a nice day : )

  • @analove9453
    @analove9453 Рік тому +1

    New subscriber such an informative video

    • @KarlaDennis
      @KarlaDennis  Рік тому

      Yay! Thank you so much, hopefully I can help you with more : )

  • @brittanysrecordshop3991
    @brittanysrecordshop3991 Рік тому +1

    thanks. great video

    • @KarlaDennis
      @KarlaDennis  Рік тому

      You're welcome! : ) Thank you for the feedback as well

  • @user-nq8mr5tv9e
    @user-nq8mr5tv9e 9 місяців тому

    Good informative video.

  • @Jason4Star
    @Jason4Star 3 місяці тому

    Thank you so much. This helps. I am guilty of one of the items you mentioned: I started an LLC in 2020 just to buy and sell land, no rentals and so far it's just land and it moves slowly. I bought a property in 2021 and another in 2023. I have listed the two properties for sale but neither has sold yet. So I have not even thought that I needed to file taxes because I have yet to make a profit - I have only had expenses so far. I would show no activity in 2020, a large loss in 2021, no activity in 2022 and another large loss in 2023. What should I do at this point? Fill back to 2020? And how does that work if I haven't earned anything?

  • @Tax-Immigration-Specialist
    @Tax-Immigration-Specialist 4 місяці тому

    Karla You the best ,

  • @debbiehenderson4968
    @debbiehenderson4968 Рік тому

    Very informative

  • @curtisviewpoints3947
    @curtisviewpoints3947 Рік тому +1

    👏👏👏👏👏👏👏👏👏thanks great!!!!!!!! Info.

    • @KarlaDennis
      @KarlaDennis  Рік тому

      You are very welcome. Lots more to come : )

  • @okaymotion
    @okaymotion Рік тому

    Thank you so much. Subscribed

    • @KarlaDennis
      @KarlaDennis  Рік тому

      Thank you as well, I appreciate that : )

  • @streamitv
    @streamitv 4 місяці тому

    Nice, clear and concise.
    You’re hired :)

    • @KarlaDennis
      @KarlaDennis  4 місяці тому

      Thanks! 😃

    • @user-tu8sz9cz5r
      @user-tu8sz9cz5r 4 місяці тому

      ​@@KarlaDennisdo I still file even though I made 0 last year and this year?

  • @osafuddin9457
    @osafuddin9457 Рік тому

    What a brilliant way of communication, and excatly what i needed,
    One more Question I'm Having Single Member LLC, I'm Non-US Resident so I want to to file 5472 form and 1120 Form?

  • @crystalphillips4480
    @crystalphillips4480 4 місяці тому

    Thank you❤

  • @billieevans4031
    @billieevans4031 6 місяців тому

    good info!

  • @amoinvestir-porsamarasarme8800

    Thank you

  • @nateshaharris9335
    @nateshaharris9335 Рік тому +2

    Wow brilliant

  • @Silverlane.
    @Silverlane. Рік тому +1

    Great video.