Outside of standard deductions for an LLC based upon income generated for a particular year, can other credits be taken if you can prove the owner has a disability or other hardships mentioned above?

Not for the owner. I am pretty sure you wouldn’t qualify for the credits by hiring yourself.  LOL.  However an LLC may or may not be a good entity for you.  For example if your spouse has 0 involvement in the business an LLC would work.  You’d want to file a return as a partnership which would exclude 50% of profit from Social Security tax.  BTW Social Security tax is often referred to as Self-Employment tax don’t mean to confuse things, like someone could talk about taxes and not be confusing.  However a partnership entity would not work for a Medical Expense Reimbursement Plan.  The right entity is critical.

 

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