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Business & farm
The IRS considers a single member LLC to be a disregarded entity.
The IRS only recognizes sole proprietorships, partnerships with more than one partner, S Corporations and C Corporations.
If you are a single member LLC, you cannot be an employee of the single member LLC, you are self-employed, and should include your business on your 1040.
If you want to be an employee of your business, you have to form a corporation.
TurboTax offers Quick Employer Forms for free with TurboTax Self-employed or TurboTax Home and Business.
Quick Employer Forms helps small business owners quickly and easily create W-2, 1099-MISC, 1099-INT, and 1099-DIV forms.
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‎April 23, 2020
11:27 AM