Question

I am the sole owner of an LLC and I have a question regarding my LLC tax filing. I include my LLC income and expenses on my Schedule C. In doing so, do I still need to file a separate LLC tax return?

Answer

No, you do not need a separate LLC tax filing or return. Because LLCs are registered with the states they do not require federal returns. So, unless the LLC chooses to be treated as a corporation:

  • A single-member LLC should file Form Schedule C.
  • A multimember LLCs should file Form 1065.

Your state might require a separate LLC tax return, please check with your state tax office to find out.

 

Related Topics

Related Resources

Our divorce decree states that my ex-spouse can claim one of our children each year, yet I pay 100% of their support. Ca

Why should you follow your divorce decree when it comes to dependents? Learn how divorce may affect claiming dependents. Get tax answers at H&R Block.

Direct Sellers and Taxes – How Does it Work?

Many are surprised to learn that even side gigs come with a tax price. H&R Block Tax pro's have arranged expert tips for those who owe direct sales taxes.

Disaster Tax Relief

Learn more about IRS disaster tax relief and other natural disaster tax tips from the experts at H&R Block.

My family members receive social security and supplemental security income (SSI). Can I still claim them as dependents?

Can you claim relatives as dependents if they claim social security supplemental income? Find out and get more tax answers at H&R Block.