Contact UsDoes an LLC file taxes itself or are the taxes filed just a part of the owners' own personal tax returns?
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John Stancil
That depends. An LLC is a disregarded entity for the IRS. As such you must elect how to file. If it is a single member LLC and you have not elected to file as a corporation, the LLC would be reported on Schedule C of the owner's 1040. If more than one member, File a Form 1065 if a corporation has not been elected.
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379 weeks ago