A single member LLC is a Disregarded Entity for IRS purposes.
The income and expenses of the LLC are reported on Schedule C of your Federal income tax return.
The profit you make in your LLC which shows up on the Schedule C and then flows into the Taxable Income calculation on your Form 1040.
The single member LLC does not file a separate income tax return.
You may have some state compliance filings to complete each year depending on which state the LLC was formed in.
Your profit on Schedule C will be subject to the 15.3% Self-Employment tax.
