My Tax Question Quandry
Prior to buying a truck, I set up an LLC for our business, thinking that when we did buy truck we be doing business under our LLC. That being said we bought a truck and hubby leased on to a company (ma and pa) company. We plan on getting out plates in our name, so I went online and filed our 2290. My husband does not want to pay tax twice so he afraid if he gets paid in the business name he will have to do so, or should he get paid in his name. Or do I have to get a new EIN as a sole proprietor?
Is this a worthwhile discussion?