- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
No I don't have ITIN or SSN, but my LLC does have a EIN. File it as C-corp on form 1120 sounds good.
Based on this link (https://www.irs.gov/businesses/small-businesses-self-employed/limited-liability-company-llc) " For income tax purposes, an LLC with only one member is treated as an entity disregarded as separate from its owner, unless it files Form 8832 and elects to be treated as a corporation. " Does it mean I should file Form 8832 + Form 1120?
Re. Do you have any business income or just this bank earnings ?
Just bank earnings.
Re. Is this an on-line endeavor or physical brick and mortar storefront ?
It is an on-line endeavor.
Does turbotax offer any product that handles my case?
‎January 19, 2023
8:40 PM