I formed a single member LLC in Missouri in 2012 for contract work that Wound up not having anything flow into it. My wife picked up a contract in July of this year and elected to do a 1099 from the client paid to a bank account using the EIN of the LLC.
From what I have gathered, the LLC is considered a disregarded entity by the IRS and we only need to file additional paperwork on our annual personal taxes. But I'd really like verification on this with quarterly business taxes due this week.
Edit: My autocorrect hates me. Fixed nonsensical words.
