Hello,
I receive SSI for 9yrs in NJ, 6yrs ago i formed llc to start working but i never made any money with the company and i never reported it or filed taxes ,i had bank account in the company's name since then but i only used it to pay bills, in August.2015 started selling online my own old stuff and borrowed money from family and friends to buy more stuff to sell, i didn't make any sales except the month of December, February i had a review over the phone with ssi, i didn't mention the company or the sale i am making hoping i can speak with a lawyer to guide me, i didn't know how to explain my work. I am worry about losing not the money but my medical insurance!
My question, 1-what happen if i file for voluntary termination of SSI benefits?
2-if i close the LLC, is it going to show in the future if i file for taxes but showing no income?
I don't know what to do :wallbang:, i am panicking and trying to avoid any meeting with SSI, the office i deal with, not too friendly at all!!
I appreciate any help i can get
Thank you
I receive SSI for 9yrs in NJ, 6yrs ago i formed llc to start working but i never made any money with the company and i never reported it or filed taxes ,i had bank account in the company's name since then but i only used it to pay bills, in August.2015 started selling online my own old stuff and borrowed money from family and friends to buy more stuff to sell, i didn't make any sales except the month of December, February i had a review over the phone with ssi, i didn't mention the company or the sale i am making hoping i can speak with a lawyer to guide me, i didn't know how to explain my work. I am worry about losing not the money but my medical insurance!
My question, 1-what happen if i file for voluntary termination of SSI benefits?
2-if i close the LLC, is it going to show in the future if i file for taxes but showing no income?
I don't know what to do :wallbang:, i am panicking and trying to avoid any meeting with SSI, the office i deal with, not too friendly at all!!
I appreciate any help i can get
Thank you
Disability Benefits: Should I File for Voluntary Termination of SSI Benefits
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