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Business & farm
Florida LLCs classified as partnerships only have to file a Florida Partnership Information Return if one or more of its members is a corporation.
Florida LLCs (and other entities) do not file an "activity report", they file an annual report which not only has absolutely nothing to do with income taxation, it has nothing to do with financial statements or information and, in turn, has nothing to do with this board or TurboTax.
The point here is the statement, "If your multi-member LLC was "open for business" on or before Dec 31 of the tax year, you are required to file a tax return" is simply inaccurate.
‎January 10, 2020
6:41 PM
4,965 Views