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You will need to file a return for the LLC this year. When you get a taxpayer identification number (TIN or EIN), the IRS adds the business to their system and will look for a tax return to be filed for that EIN. If one is not filed, you may be subject to notices and failure to file penalties.
A multi-member LLC files Form 1065 (Partnership return).
You are only allowed to deduct expenses in the year that you paid them.
You will need to file a return for the LLC this year. When you get a taxpayer identification number (TIN or EIN), the IRS adds the business to their system and will look for a tax return to be filed for that EIN. If one is not filed, you may be subject to notices and failure to file penalties.
A multi-member LLC files Form 1065 (Partnership return).
You are only allowed to deduct expenses in the year that you paid them.
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