Hello,
Long story short, my LLC was raised as a multi member LLC with the IRS at formation and unfortunately I didn't catch this until reviewing the EIN paperwork requiring a 1065 to be filed by March 15th. Considering there wasn't enough time to submit and obtain approval for form 8832 to correct my LLC as a single member llc I filed the 1065. I am still pending approval of my 8832 and have yet to file my personal taxes. My questions are as follow:
* how can I amend my 1065 to negate it as a multi member llc? Id like to have the llc (as a single member) flow through my personal taxes as a disregarded entity.
* assuming I will not have the 8832 approval back before personal taxes are due on April 15th, can i reflect the LLC on my personal taxes as a disregarded entity? Or,
* do I have to file my personal taxes with the schedule k from the llc as filed and amend at a later date (after amending the llc from a multi to single member)?
* in the event my 8832 is approved in time before April 15th deadline, can I potentially amend my business taxes, reflect this on my personal taxes (via an amended schedule k) AND take the disregarded benefit in one go without having to amend my personal taxes?
* is there anyway I can legally reflect the disregarded entity on my personal taxes without having to amend down the road?
