Tax Advisor | Federal Direct Tax Services of Patchogue

Flexibility in Taxation: One of the key LLC tax benefits is the flexibility it offers in taxation. By default, an LLC is taxed as a disregarded entity, partnership, or S-corporation. However, LLCs have the option to elect corporate taxation if it's more advantageous for their specific situation.
Tax Deductions: LLCs are eligible for various tax deductions, including business expenses, such as rent, utilities, and salaries. Taking advantage of these deductions can help lower the taxable income of the LLC and ultimately reduce the amount of taxes owed.

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