I have an LLC for a youth basketball organization.
As far as the IRS is concerned, you are self-employed with your own business. You need to seek professional help on this, as I myself would have set this up as a separate 501(c)3 organization at a minimum. That way, it doesn't affect *MY* personal tax return. Additionally, the organization can pay for the professional help, so you personally don't have to. Besides, if you pay for it with your money, it probably won't be tax deductible on your personal return anyway.
