- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
If you originally set up with the IRS to be taxed as a partnership (Form 1065) you will need to file the Form 1065 and mark it as a Initial return and a Final Return to avoid penalties for late filing. This will close out the Federal ID number you have with the IRS.
If you want to continue to operate as a Single Member LLC you will need to get a new Federal ID number with the IRS.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 13, 2020
7:42 AM