Question

I established an LLC with a company name and EIN number in 2022 and got paid as a contractor by two different companies, do I need to file a business tax return?

Forum|Forum|3 years ago
January 24, 2023
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TurboTax Live Self Employed

No, not unless your business is a partnership, or you elected to have your LLC taxed as an S-Corp. Otherwise, the IRS considers your LLC a Disregarded Entity for tax purposes. This means that you are "self-employed" as far as your LLC business is concerned. You will file your business income and expenses on Schedule C as part of your personal tax return. You will need to use TurboTax Self-Employed to complete your return.

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