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I am the owner of my LLC and the only employee so I do not have a 1099 form. How do I proceed?
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January 23, 2021
7:21 PM
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Business & farm
Unless you have elected to be taxed as corporation or Sub S the LLC is taxed as a "disregarded entity". That means you file as self employed. No 1099 or W-2 needed.
January 23, 2021
7:36 PM
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Business & farm
To expand on the response by @ee-ea, if your LLC is disregarded, you will file this information on a Schedule C.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
January 24, 2021
8:09 AM