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B
badams_taxes
April 14, 2024
Question

Limited Liability Company (LLC) No Work for Tax Year 2023

  • April 14, 2024
  • 1 reply
  • 0 views

Good Afternoon,

 

Is there IRS guidance that suggests you should not file a Schedule C if you had no company activity during the Tax Year?

 

 

As a single-member LLC in Maryland, if there is no business activity and no income or expenses to report, should I include a statement regarding the LLC's status?


Please advise,
BAdams

1 reply

M
MinhT1
April 14, 2024

If your single-member LLC had no income or expenses in 2023, there's nothing to report on Schedule C.

 

There's no need to include a statement to that effect on your tax return.

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    B
    badams_taxesAuthor
    April 14, 2024

    Thank You!

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