If there was ever any doubt, the U.S. Tax Court has clarified that the sole member of a single member LLC can, in certain circumstances, be held liable for the employment tax liability of the entity. In Heber E. Costello, LLC and Costello v. Comm’r, T.C. Memo. 2016-184 (Sept. 29, 2016), Scott Costello, the sole...Read More
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