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📋 Your LLC elections from past years could be costing you money RIGHT NOW. The IRS just dropped Revenue Procedure 2026-17 — and it's a major opportunity for LLC partnerships to revisit old tax elections and unlock savings they thought were off the table. Here's what changed in 2026: 🔑 Section 163(j)(7) elections can now be withdrawn by eligible partnerships 💰 100% bonus depreciation is now PERMANENT thanks to the OBBBA 📑 Late elections and amended returns are available — but time-sensitive ✅ Multi-member LLCs must have an updated partnership representative on file Whether you're a real estate investor, business owner, or self-employed — these changes directly affect how much tax you owe this year. Don't miss the window to act. Get the full breakdown via the link in bio. Follow for more tax tips #LLCTax #TaxStrategy #BonusDepreciation #TaxPlanning #SmallBusinessTax
📋 Your LLC elections from past years could be costing you money RIGHT NOW. The IRS just dropped Revenue Procedure 2026-17 — and it's a major opportunity for LLC partnerships to revisit old tax elections and unlock savings they thought were off the table. Here's what changed in 2026: 🔑 Section 163(j)(7) elections can now be withdrawn by eligible partnerships 💰 100% bonus depreciation is now PERMANENT thanks to the OBBBA 📑 Late elections and amended returns are available — but time-sensitive ✅ Multi-member LLCs must have an updated partnership representative on file Whether you're a real estate investor, business owner, or self-employed — these changes directly affect how much tax you owe this year. Don't miss the window to act. Get the full breakdown via the link in bio. Follow for more tax tips #LLCTax #TaxStrategy #BonusDepreciation #TaxPlanning #SmallBusinessTax
If you opened an LLC, partnership, or corporation and had NO income and NO expenses, you STILL have a filing requirement. * The IRS and state don’t care if it “did nothing” if it exists, it must be reported. *Not filing can trigger penalties, notices, and late fees. If you opened a business in 2025, make sure you file correctly even a zero return. Staying compliant now saves you stress later.
If you opened an LLC, partnership, or corporation and had NO income and NO expenses, you STILL have a filing requirement. * The IRS and state don’t care if it “did nothing” if it exists, it must be reported. *Not filing can trigger penalties, notices, and late fees. If you opened a business in 2025, make sure you file correctly even a zero return. Staying compliant now saves you stress later.
🚨 Don’t assume your LLC goes on your Personal Tax Return! 🚨 I’ve seen it several times already this year: Business owners starting an LLC with a partner and not realizing they are required to file a Partnership Return (Form 1065). The Reality Check: Check your IRS EIN Notice right now. If it lists Form 1065 as a requirement, it must be filed (or extended) by Monday, March 16th. The Cost of Waiting: If you miss the deadline, the IRS penalty is $245 per month, per partner. For a 2-person LLC, that is a $490 penalty for being just one month late! Stop running your business like a hobby. Experience matters. Education matters. Your peace of mind matters. #TaxDeadline #LLCOwner #PartnershipTax #IRSNotice #fergusonbookkeepingandtax
🚨 Don’t assume your LLC goes on your Personal Tax Return! 🚨 I’ve seen it several times already this year: Business owners starting an LLC with a partner and not realizing they are required to file a Partnership Return (Form 1065). The Reality Check: Check your IRS EIN Notice right now. If it lists Form 1065 as a requirement, it must be filed (or extended) by Monday, March 16th. The Cost of Waiting: If you miss the deadline, the IRS penalty is $245 per month, per partner. For a 2-person LLC, that is a $490 penalty for being just one month late! Stop running your business like a hobby. Experience matters. Education matters. Your peace of mind matters. #TaxDeadline #LLCOwner #PartnershipTax #IRSNotice #fergusonbookkeepingandtax
Is this legal?⁠ ⁠ Creating 10 LLCs with no real strategy?⁠ ⁠ Yes. It’s legal.⁠ No. It’s not smart.⁠ ⁠ More LLCs do not automatically mean more protection.⁠ ⁠ Complexity without planning increases:⁠ • Administrative burden⁠ • Filing requirements⁠ • State fees and franchise taxes⁠ • Compliance risk⁠ ⁠ Protection comes from intentional structure.⁠ Not entity count.⁠ ⁠ If you cannot explain why each entity exists, that is your first red flag.⁠ ⁠ How many LLCs are too many?⁠ ⁠ Comment below.⁠ ⁠ #IsThisLegal #LLC #EntityStructure #BusinessOwners #TaxStrategy #AnthonyBrister #BristerLawFirm #FamilyFirstTaxStrategy
Is this legal?⁠ ⁠ Creating 10 LLCs with no real strategy?⁠ ⁠ Yes. It’s legal.⁠ No. It’s not smart.⁠ ⁠ More LLCs do not automatically mean more protection.⁠ ⁠ Complexity without planning increases:⁠ • Administrative burden⁠ • Filing requirements⁠ • State fees and franchise taxes⁠ • Compliance risk⁠ ⁠ Protection comes from intentional structure.⁠ Not entity count.⁠ ⁠ If you cannot explain why each entity exists, that is your first red flag.⁠ ⁠ How many LLCs are too many?⁠ ⁠ Comment below.⁠ ⁠ #IsThisLegal #LLC #EntityStructure #BusinessOwners #TaxStrategy #AnthonyBrister #BristerLawFirm #FamilyFirstTaxStrategy
I just set up an LLC for a client and let me tell you the #1 mistake I see all the time… People file their LLC with the state and think that’s it. Wrong. The whole purpose of an LLC is to separate YOU from your business. But if you’re depositing checks into your personal account and paying business expenses from the same debit card… that separation disappears. When you mix personal + business finances, you blur the lines — and in a court of law, that can destroy your liability protection. Read that again. The protection only works if you treat your business like a real business. Bottom line: If you want to keep your liability protection, you NEED a separate business bank account. This is non-negotiable when I set up an LLC for my clients. I don’t just file paperwork. I sit down with you, go over the rules, and walk you through a Business Startup Lesson so you build your company on a strong foundation from day one. Beyond numbers, we care. #ANAVFINANCIALS#taxtips#accountant#taxseason
I just set up an LLC for a client and let me tell you the #1 mistake I see all the time… People file their LLC with the state and think that’s it. Wrong. The whole purpose of an LLC is to separate YOU from your business. But if you’re depositing checks into your personal account and paying business expenses from the same debit card… that separation disappears. When you mix personal + business finances, you blur the lines — and in a court of law, that can destroy your liability protection. Read that again. The protection only works if you treat your business like a real business. Bottom line: If you want to keep your liability protection, you NEED a separate business bank account. This is non-negotiable when I set up an LLC for my clients. I don’t just file paperwork. I sit down with you, go over the rules, and walk you through a Business Startup Lesson so you build your company on a strong foundation from day one. Beyond numbers, we care. #ANAVFINANCIALS#taxtips#accountant#taxseason
The IRS isn’t in the business of saving you money; their job is to collect it. One business owner faced a $117,000 tax bill simply because her tax status was wrong. The IRS had no obligation to tell her otherwise. ㅤ #TaxExposure #IRS #BusinessAudit #TaxPlanning #MiaTaylor
The IRS isn’t in the business of saving you money; their job is to collect it. One business owner faced a $117,000 tax bill simply because her tax status was wrong. The IRS had no obligation to tell her otherwise. ㅤ #TaxExposure #IRS #BusinessAudit #TaxPlanning #MiaTaylor
LLC does not equal a tax designation. Lets stop confusing this. An LLC is a legal structure created with your state A tax designation is how the IRS decides to tax your business Here’s where people get it wrong: You can have an LLC… but choose to be taxed as: • Sole Proprietor • Partnership • S-Corp • C-Corp An LLC is NOT a tax strategy by itself — it’s just the foundation. The tax savings come from choosing the right tax election for your situation. The real question is... how should your LLC be taxed? #taxtips #taxstrategy #fyp #llc
LLC does not equal a tax designation. Lets stop confusing this. An LLC is a legal structure created with your state A tax designation is how the IRS decides to tax your business Here’s where people get it wrong: You can have an LLC… but choose to be taxed as: • Sole Proprietor • Partnership • S-Corp • C-Corp An LLC is NOT a tax strategy by itself — it’s just the foundation. The tax savings come from choosing the right tax election for your situation. The real question is... how should your LLC be taxed? #taxtips #taxstrategy #fyp #llc
S Corps and Partnerships must file tax returns — even if the business had zero income. Failing to file can trigger per-owner penalties that add up fast. ㅤ No activity doesn’t mean no responsibility. ㅤ 🔗 https://vist.ly/4u7iz ㅤ #SCorp #PartnershipTaxes #IRSCompliance #TaxStrategy #BusinessOwners #LYTaxAdvisors
S Corps and Partnerships must file tax returns — even if the business had zero income. Failing to file can trigger per-owner penalties that add up fast. ㅤ No activity doesn’t mean no responsibility. ㅤ 🔗 https://vist.ly/4u7iz ㅤ #SCorp #PartnershipTaxes #IRSCompliance #TaxStrategy #BusinessOwners #LYTaxAdvisors
S Corps and Partnerships must file tax returns — even if the business had zero income. Failing to file can trigger per-owner penalties that add up fast. ㅤ No activity doesn’t mean no responsibility. ㅤ 🔗 https://vist.ly/4u7iy ㅤ #SCorp #PartnershipTaxes #IRSCompliance #TaxStrategy #BusinessOwners #LYTaxAdvisors
S Corps and Partnerships must file tax returns — even if the business had zero income. Failing to file can trigger per-owner penalties that add up fast. ㅤ No activity doesn’t mean no responsibility. ㅤ 🔗 https://vist.ly/4u7iy ㅤ #SCorp #PartnershipTaxes #IRSCompliance #TaxStrategy #BusinessOwners #LYTaxAdvisors
An LLC won’t magically lower your taxes. It’s just legal protection, not a tax strategy. What actually matters? Your tax setup and your books.
An LLC won’t magically lower your taxes. It’s just legal protection, not a tax strategy. What actually matters? Your tax setup and your books.
Headline: 🚨 IT’S MARCH 16th: Do you know where your tax return is? 🚨 If you’re an S-Corp or a Partnership (Multi-member LLC), today is the final day to file your returns on time. 📉⚖️ Wait, what if you aren't ready? Don't panic! You can still file an Extension today. This gives you until September 15th to get your books in order and ensure every deduction is accounted for. The risk of waiting? Failure-to-file penalties can stack up to hundreds of dollars per month, per partner. 💸🛑 Need an extension filed before the clock strikes midnight? DM or email me "EXTENSION" right now and let’s get you protected! 📩🚀 #SCorp #PartnershipTax #TaxDeadline
Headline: 🚨 IT’S MARCH 16th: Do you know where your tax return is? 🚨 If you’re an S-Corp or a Partnership (Multi-member LLC), today is the final day to file your returns on time. 📉⚖️ Wait, what if you aren't ready? Don't panic! You can still file an Extension today. This gives you until September 15th to get your books in order and ensure every deduction is accounted for. The risk of waiting? Failure-to-file penalties can stack up to hundreds of dollars per month, per partner. 💸🛑 Need an extension filed before the clock strikes midnight? DM or email me "EXTENSION" right now and let’s get you protected! 📩🚀 #SCorp #PartnershipTax #TaxDeadline
An LLC protects liability. It doesn’t automatically reduce taxes. 📉🚫 Your tax outcome depends on things like: • Income level • Deductions • Entity election (S-Corp, etc.) • Overall tax strategy Most business owners miss this and end up overpaying. Filing taxes reports what happened. Tax planning changes what happens.
An LLC protects liability. It doesn’t automatically reduce taxes. 📉🚫 Your tax outcome depends on things like: • Income level • Deductions • Entity election (S-Corp, etc.) • Overall tax strategy Most business owners miss this and end up overpaying. Filing taxes reports what happened. Tax planning changes what happens.
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