People use Chinese medicine to treat many illnesses from asthma and allergies to cancer and infertility. Chinese doctors may use several types of treatment to restore qi balance. Chinese medicine therapies include: 1  Acupuncture, which uses thin metal needles placed along the body's meridians.2  Acupressure, which uses the hands or fingers to apply direct pressure to points along the body's meridians.eople use Chinese medicine to treat many illnesses from asthma and allergies to cancer and infertility. Chinese doctors may use several types of treatment to restore qi balance. Chinese medicine therapies include: 1  Acupuncture, which uses thin metal needles placed along the body's meridians.
Choosing a Tax Structure for Your LLC Unlike a corporation (like a C-Corp or S-Corp), a Limited Liability Company is not a separate taxable entity. The IRS refers to LLCs as âpass-through entities,â which simply means that the tax liabilities of the company âpass throughâ to you and your co-owners personal income tax.
Retained Earnings Tax of LLC taxed as a Corporation. Need to know how to handle income/taxes of a Single-member LLC taxed as a Corporation. Requirement is to have some Retained Earnings in LLC. So, if income is 100K and I take out 80K and keep 20K in LLC, am I correct in understanding that LLC files 1120 for 20K income, pays taxes and I file 1040 Sch-C with 80K income?