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Thus, if an LLC has elected to be treated as an organization for tax purposes, it must file a federal tax return albeit the LLC didn't engage in any business.LLCs that became inactive or haven't any income should be mandated to file a federal tax return.An LLC that's not considered a separate entity from its owner is taxed as a sole proprietor.

there's no set of tax rules that specifically apply to LLCs; the IRS allows the LLC to, As a result, the business is solely liable for reporting all income and If the LLC fails to pay the tax or file a return, you and therefore the other owners aren't .The way owners of a indebtedness company, referred to as members, file individual tax returns depends on the way the corporate is taxed.It is mandatory for all corporations to file annual tax returns, albeit the business was inactive or didn't receive income.

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Now Apple is taking an unprecedented step: distributing a more hacker-friendly iPhone to its favorite researchers, letting them hack the phone on "easy mode" in the interests of making it harder for everyone else.

Its iOS bug bounty will pay out up to $1.5 million for a single attack technique that a researcher discovers and shares discreetly with Apple.

At the Black Hat security conference Thursday, Ivan Krstić, Apple's head of security engineering and architecture, announced a broad revamping of the company's bug bounty program.

These devices will lack some layers of security protections so that their recipients may dig into the deeper, less examined core of the phone.

"We want to attract some of the exceptional researchers who have thus far been focusing their time on other platforms.

They'll also have debugging abilities that will allow researchers to easily scour the phone's code for flaws.