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Merlo. I want to know if I elect C corporation entity

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***** *****. Hi Merlo...

***** *****. Hi Merlo. I want to know if I elect C corporation entity classification with the IRS, will I be considered an employee or still regarded as self-employed?

Accountant's Assistant: Thanks. Can you give me any more details about your issue?

I have filed an LLC article of organization. I was wondering if I would be considered an employee or self-employed if I elect my LLC to be taxed as corporation with the IRS?

Submitted: 2 years ago.Category: Tax
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1/17/2016
Tax Professional: Barbara, Enrolled Agent replied 2 years ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,993
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

An LLC is considered to be a disregarded entity for tax purposes. If you elect C corporation status for your LLC, you will not be considered self-employed. The C corporation will file its own tax return, and you will file your own personal tax return.

The default status for a single member LLC is sole proprietorship, and you would be considered self employed for tax purposes and use Schedule C of Form 1040 to report your income and expenses. You would also be considered self employed if you elect S corporation status for the LLC.

Please let me know if you require further information or clarification.

Thank you and best regards,

Barb

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Tax Professional: Barbara, Enrolled Agent replied 2 years ago

Just following up with you to see if you have any other questions or concerns. If so, please come back to me here, and I will be happy to assist you.

Best regards,

Barb

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