TD 9356 Archives - Vision Payroll

Question of the Week: Do I Need a Separate EIN for My Single Member LLC?

This week’s question comes from Kevin, a sole proprietor. I am forming an LLC and will be converting from a sole proprietorship to a single member LLC, but still taxed as a sole proprietor. Do I need a separate EIN for my single member LLC? Answer: As explained...

Tip of the Week: Payroll Tax Change Deadline Looms for Certain LLCs and Qualified Subchapter S Subsidiaries

In TD 9356, the Internal Revenue Service made final the regulations on disregarded entities effective August 16, 2007. In order to allow taxpayers sufficient time to make the changes required by the regulations, the IRS delayed the effective date for the payroll tax...