Tell HN: Submit comments on IRS guidance to SEC 174 expenses

Re:Tell HN: Submit comments on IRS guidance to SEC 174 expenses by gavinhoward on Saturday November 04, 2023 @07:16PM (#38146218)

I don't have an S Corp.

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Re:Tell HN: Submit comments on IRS guidance to SEC 174 expenses by zapcto on Saturday November 04, 2023 @07:30PM (#38146333)

Such a complete misreading of your comment has to be deliberate

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Re:Tell HN: Submit comments on IRS guidance to SEC 174 expenses by antasvara on Sunday November 05, 2023 @07:30AM (#38150564)

My general question is: how are you paying yourself money from a business woth zero revenue? The type of business is irrelevant.

And yes, I know you don't have an S Corp. I was wondering how you would pay yourself from such a corporation, considering you have zero revenue.

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Re:Tell HN: Submit comments on IRS guidance to SEC 174 expenses by gavinhoward on Sunday November 05, 2023 @08:05AM (#38150795)

I'm not paying myself yet, nor will I pay myself in the classical sense when I get revenue.

When you have a single-member LLC, you take "distributions," which basically means you withdraw money from the company and put it into your personal account. It's technically a dividend.

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Re:Tell HN: Submit comments on IRS guidance to SEC 174 expenses by antasvara on Sunday November 05, 2023 @08:19AM (#38150888)

Distributions from what? If you're making zero revenue, how is there money in the account for the business?

I'm having a tough time understanding how there's money going out of an LLC without money first going in the LLC.

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