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Returning Member
posted May 26, 2024 10:52:34 AM

I applied for an EIN though an LLC (2 partners) in wyoming state, we never did anything with the company. nothing. do i need to file any taxes or anything ?

If i want to close the company do I need to file anything or can i just ignore the filling and they will close after a period of time?

0 4 6722
4 Replies
Level 15
May 26, 2024 12:39:19 PM

If you are a partnership and so would file a K-1 file the form checking the box at the top indicating a final K-1. 

Employee Tax Expert
May 31, 2024 1:41:42 PM

In addition to filing the final tax return, you should also make sure you dissolve the LLC formally with the appropriate taxing agencies.  This ensures that the taxing agencies are aware the business is no longer in existence as well as ensure you are in compliance with all filing requirements.  

 

Here is a link to the Wyoming Secretary of State that has a section for LLCs.  As you scroll, you will see a sample form you can use to dissolve your LLC.  You may need to request help from an expert in this field to ensure you completely dissolve your LLC.  

 

@hamwiabood 

Returning Member
Jun 11, 2024 11:45:33 AM

I didnt file my taxes for 2023, i never filed anything related to the company but i never did any business, 0 income. what should i do now ? 

Employee Tax Expert
Jun 18, 2024 9:55:47 AM

The link previously provided above will give you the forms you need to dissolve within Wyoming.  As for the tax return for 2023, you will need to file the federal and state LLC return and check the box that says final.  Whether you file as a partnership using Form 1065 or a corporation using Form 1120 will be dependent upon how you set up the LLC when you started the business.  If you did not make any sort of election, your LLC is most likely considered a partnership.

 

If you need assistance preparing the business return, please see this link for our assisted or full service options.  You can also download the business software using this link to prepare the return yourself.