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April 14, 2025
Question

Can i do an exension for my LLC with only one member and how much I need to pay?

  • April 14, 2025
  • 3 replies
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    3 replies

    VolvoGirl
    Employee
    April 14, 2025

    What kind of LLC?  Are you a Single Member LLC?  Did you set it up as an S corp?  If not an S corp  it is a disregarded entity and you file it on schedule C in your  personal tax return as self employment.  So you just do the extension for your personal tax return.  

    April 14, 2025

    a single-member LLC, that did not elect corporate taxation, is a disregarded entity for federal income tax purposes. it does not file its own tax return. Rather the results are included in you 1040. What you need to do in this case is determine your overall tax liabilty. Pay it on or before 4/15 (some exceptions apply). if you can't file by 4/15  submit an extension Form 4868, but your taxes are still due as noted above.  

    AmyC
    Employee
    April 14, 2025

    An LLC is a legal entity, not a tax identity. If you are the sole owner and never requested to be a corporation, it is part of your tax return, on sch C. Just file your personal extension, the business is part of it.

    Otherwise, the tax deadline was Mar 15.

     

    Be sure to make any payments by April 15. You can make Payments online safely. Remember your  Self-employment tax  is included in the amount due. Only the paperwork is extended.  See:

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    April 14, 2025

    when making payments online under my personal IRS gov account, what payment type should we choose when making an extension? the extension was already filed within turbo tax?

    Estimated tax

    Make estimated tax payments in advance of filing your return.

    Extension

    Make a payment to receive an extension to file your Form 1040 tax return without filing Form 4868.

    April 14, 2025

    You should file your payment under Extension.

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