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A comment on Tell HN: Submit comments on IRS guidance to SEC 174 expenses. Parent comment
If money went from the LLC into a "wage," it changed "hands." The IRS wants in on that.
If work went from the owner into an LLC, no money changed hands, and the IRS doesn't care.
But the very fact that people do S Corps shows that there is different tax treatment though.
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If money went from the LLC into a "wage," it changed "hands." The IRS wants in on that.
If work went from the owner into an LLC, no money changed hands, and the IRS doesn't care.
But the very fact that people do S Corps shows that there is different tax treatment though.