How Are Single Member LLC Reported For ECAP Payment Limits
We review what is required to determine whether a single member LLC qualifies for an extra payment limit
First, we want to remind everyone that the more than 75% of farm gross income test is only to see if you qualify for an extra payment limit, not an extra payment.
Therefore, if your total payment is less than $125,000, you don’t need to do any additional testing.
Now for single member LLCs.
