I believe we need to expand on the scope of the question:
- Changing the entity structure from a multi-member LLC to a single member LLC is handled in accordance with Revenue Ruling 99-6.
- There are a lot of moving parts when this happens, so I would recommend you review this revenue ruling and make sure you are handling everything correctly.
- Additionally, the EIN of the multi-member LLC was assigned to the entity. You do not use this EIN going forward. You either need to use your SS# on the Schedule C or get a new EIN. You are not required to obtain an EIN for a single member LLC unless you have employees (payroll).
- There are millions of unprocessed tax return related to 2020. There are amended returns that have not been processed by the IRS. There are 2021 returns being filed. Just make sure you send the return certified mail return receipt requested.
- As noted, your form 1065 is late. You will most likely receive a late filing penalty. You should be able to get this waived, but you would need to request the abatement of penalties in a letter. No guarantee. And since there are millions of unprocessed tax returns, you may continue to receive late filing letters as your response letter will sit somewhere for a while.
*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.
