Question

LLC filing

Forum|Forum|5 years ago
February 11, 2021
1 reply
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Why do I have to fill out a form as an LLC?

Employee

Multi-member LLCs generally file Form 1065 and issue K-1s to their members.

See https://www.irs.gov/instructions/i1065#idm140672607577504

Single-member LLCs are treated as disregarded entities by the IRS if they do not elect to be treated as a corporation for federal income tax purposes. As such, single-member LLCs generally file Schedule C (if operating a business) or Schedule E (for rental properties).