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I changed the structure of my business from a partnership LLC to a sole proprietor. How do a file?
I had a two-member partnership LLC. When we obtained our EIN, the IRS instructed us to file a form 1095 which I've done every year. In October 2020, I changed the structure of the business to just be myself on the LLC. How am I supposed to file 2020 taxes and how will I file in the future? The member removed received NO income from the business in 2020 and was not part of the business in 2020. I still use our original EIN as of right now.
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March 5, 2021
11:55 PM