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February 11, 2025
Question

i forgot to file my Zero income LLC to my tax return 2024 . now what, will i be penalized for not filing that?

  • February 11, 2025
  • 1 reply
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i created LLC with my two other friends but never got the business.  i forgot to file zero income llc while doing my tax return. will this be a problem?

1 reply

February 11, 2025

If your LLC had no income or activity, failing to file may not trigger penalties, but requirements vary by state. Multi-member LLCs may need to file even with zero income. It's advisable to file any necessary late returns or information forms to stay compliant.

 

For more details, you can refer to these resources: