My apologies, the S-Corp was just as an example as I also run a S-Corp where I file a 1120-S and was wondering if there was a similar form I should be filing for my LLCs.
I suspect the LLCs did not elect corporation taxation. However is it more wise to set them up in a different manner to minimize audits? Would electing a corporation taxation be better?
We all try to do the right thing but the IRS always seems to be the exception of claiming we are guilty until proven innocent.
