My partner and I started LLC business in August 2015. We didn't file taxes then and want to know if we can combine taxes for both years while filing for this year (2016)?
Also, we want to know how we should file (what form?). We do not take any profits from the business for ourselves - everything goes into the business. Our business involves selling on online platforms like Amazon, Walmart, Jet... I am the one with ALL of the records of revenues and expenses since our first day of operation!
I would really appreciate it if you could be as detailed as possible in your answer. Thank you for your help and let me know if you need any more details!
