new LLC

[deboneill]

We just set up a new LLC and received our EIN from IRS in May 2023.  This should be a single member LLC and I believe we marked it as partnership as my letter from IRS says we have to file Form 1065.  I am getting the information together right now for filing but we need to file a Schedule C with our tax returns as we only have member in this LLC.  Can I just file form 1065 marked as final with no numbers for 2023 and then file schedule C with our 2023 personal return?  Also do I file K-1 with the 1065 since there is only one member?

This is the first return that we will be filing for the company.

[MinhT1]

Your single-member LLC is a disregarded entity for tax purposes. See this IRS document.

The income and expenses of your LLC are reported on Schedule C of your personal tax return.

You don't need to file form 1065. The letter you received from the IRS is a standard letter sent out to LLCs and partnerships. But it doesn't apply to your LLC as it is a disregarded entity. As you don't file form 1065, there'll be no Schedule K-1 either

[deboneill]

I still don't need to file 1065 even though my letter states that is the form I should file?

[MinhT1]

There's no need to file form 1065 as your LLC is a disregarded entity.