It seems that the LLC's are being targeted by the IRS in the way they are taxed. What does this mean to those creating LLC's with buying real estate.
Is the Single Member LLC a New IRS Target?
A little known Court Case has just sent ripples through the business community. If you, or someone you know, has one of the 1.2 million Limited Liability Companies in the US today, you'll want to read this alert.
Full Story: http://realtytimes.com/rtpages/20080424_irstarget.htm