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If an LLC partnership has only 1 member for the entire year,
If an LLC partnership has only 1 member for the entire year, can it still file a 1065 (with the assumption that other members may join in subsequent years)?… read more
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I'm the only owner and only member of my llc. I'm setting up
I'm the only owner and only member of my llc.I'm setting up an account with amazon merchIt is askingFederal tax classificationI am selecting limited liability companyWhat is the right answer for next … read more
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I have a 2 member LLC for a really small business and not
I have a 2 member LLC for a really small business and not much business yet. We have decided that we will make this multi member LLC into single member LLC with just me. I would like to make the remov… read more
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I just started a LLC in NC, I'm about two weeks away from opening my car dealership and I'm trying to make sense of this tax setup. My Question is, the forms I received from the formation of the LLC t… read more
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I have formed an LLC as a sole proprietor for music
I have formed an LLC as a sole proprietor for music publishing. On the W9, I was told to fill line 1 (by the performing rights organization) with the name of the LLC. Your thoughts. And do I fill out … read more
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When I set up my EIN for my new LLC, I indicated 2 members
When I set up my EIN for my new LLC, I indicated 2 members since it is my husband and I that own the LLC. However, I've been told that spouses are considered a single member for tax purposes. Is that … read more
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My LLC was done in 2008 and I've been using my Sole Prop EIN
My LLC was done in 2008 and I've been using my Sole Prop EIN ever since. I need a new EIN for the LLC with s corp election because I have an employee and the DC gov't is requiring that I have a new on… read more
Lane
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I just formed an LLC so that I can work with a company that
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In 2012, a multi-member LLC became an single member LLC. We
In 2012, a multi-member LLC became an single member LLC. We never changed our EIN and I just now noticed that I should have when it became single member. I still haven't filed my 2013 tax return. What… read more
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I am applying for a EIN. I started my LLC yesterday and want
I am applying for a EIN. I started my LLC yesterday and want to file with the IRS as a S Corp. Do I claim S Corp on the initial application or do a LLC then a 8832 form?… read more
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Question pertains to a Virginia LLC structured as an S-Corp,
Question pertains to a Virginia LLC structured as an S-Corp, which has never had any revenue or expense activity since its inception. Filed 2012 1120S return, prior to March 15th with both boxes check… read more
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Hi, I am preparing a LLC that was just incorporated in February,
Hi, I am preparing a LLC that was just incorporated in February, should I indicate a short year by listing fiscal year beginning as the incorporation date and treat 12/31/2012 as fiscal year ending? T… read more
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I am starting a real estate investing business and have spent
I am starting a real estate investing business and have spent a few dollars his year for forming an Llc and a seminar for educating myself. Should I technically start the business this year (2011) or … read more
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I have opened a new LLC in 2010 and applied for EIN in October
I have opened a new LLC in 2010 and applied for EIN in October 2010. As at the moment I was the only member of the newly opened company I was assigned a status of "Single Owner electing to be disregar… read more
USTaxAdvising
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I have an Illinois LLC, formed this year, which was a sole
I have an Illinois LLC, formed this year, which was a sole member for just 2 months, and recently sold 10% to another company and therefore now will be taxed as partnership. I need to file form 8832 t… read more
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I am starting an LLC for my internet commerce business, Im
I am starting an LLC for my internet commerce business, I'm applying in Nevada and reside in NY. I'm applying for the EIN number through the IRS website and this is what it asks me: "Since you are a s… read more
Lev
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I just formed an llc (single member for now, but may have another
I just formed an llc (single member for now, but may have another one or two in the next couple of months), and would like to know how do I decide how I want the llc treated for tax purposes?… read more
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