'The aerial view can be difficult. The information is difficult to draw because there is so much information with lots of windows, park areas and buildings. 'I like London landmarks like the Houses of Parliament, St Paul's and Tower Bridge.
Step 1. File profit or loss from business on Schedule C. As a member of an LLC, you must report business income on Schedule C to Form 1040. This form contains lines that help you calculate your profit or loss and deduct appropriate expenses.
For U.S. federal income tax purposes, an LLC is treated by default as a pass-through entity. If there is only one member in the company, the LLC is treated as a âdisregarded entityâ for tax purposes, and an individual owner would report the LLC's income or loss on Schedule C of his or her individual tax return. Thus, income from the LLC is taxed at the individual tax rates.