I was an Llc in Sept and it expired so I have been a sole prop. since sept. How do I file my taxes, do I have to do 2 filings? 1) llc with s Corp & 2) sole proprietor?

Forum|Forum|7 years ago
June 5, 2019
2 replies
3 views

No text available

Best answer by

Yes, if you were an S-Corp, recognized by the IRS and had that S-Corp election revoked, then you would need to file a Part-Year final 1120-S Tax Return. It will have all the expenses and income of the S-Corp through revocation.

You would then need to file the remaining part of the year as a sole proprietor on your Schedule C of your Federal Income Tax Return.

TaxGuyBill

Level 13

*IF* the LLC had made the election to be taxed as corporation, and if it completely ended in September, that tax return was due December 15th.

Anonymous

Answer

You would then need to file the remaining part of the year as a sole proprietor on your Schedule C of your Federal Income Tax Return.

I was an Llc in Sept and it expired so I have been a sole prop. since sept. How do I file my taxes, do I have to do 2 filings? 1) llc with s Corp & 2) sole proprietor?

2 replies

Unlock tailored help options in your account

Get answers to all your tax questions

Unlock tailored help options in your account

Get answers to all your tax questions

Sign up

Login with SSO

Let's get you signed in

Login with SSO

Scanning file for viruses.

This file cannot be downloaded