Keeping good records is crucial. For example, you will want to ensure that you have a record of any money that you have invested in or lent to the business.
While an LLC is a separate business entity, the tax return must be filed together with your personal tax return, and there could be tremendous tax benefits
The IRS will refigure your taxes using the excluded unemployment compensation amount and adjust your account accordingly. The IRS will send any refund amount directly to you.