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Get your taxes done using TurboTax
A single member LLC is a legal entity with a choice of tax filing between: 1) a disregarded non-entity filing a schedule C on their personal tax return or 2) requesting to be taxed as an S Corp. If you are an S corp, you are to be paid with a w2 and you did the right things. If you are not an S corp, then you do not pay yourself with a w2.
From this point, you can either file the from 8832 requesting to be an S corp or you can reverse all the payroll. The IRS has a business center which explains the business structures. You may want to look at the IRS structures by clicking the blue words.
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‎January 13, 2020
1:07 PM
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