EIN

5 replies
42 views

If I created a Sole Proprietorship using a fictitious business name and EIN, do I need to file two different tax returns? One for my personal SS# and one for the EIN#?

ColeenD3

Alumni - Intuit

No, not if they are in reality the same business. Choose one or the other. Most likely, unless you have employees, you do not need an LLC.

mikekleemannAuthor

Level 2

I received unemployment from the PUA due to Covid under my personal Social Security number. I also made money under my EIN. Do I need to file separate tax returns or is there a way to combine the incomes?

VolvoGirl

Level 15

If your business is self employment or sole proprietor or a Single Member LLC it is a disregarded entity and you file it on Schedule C in your personal tax return. You can have a EIN for it.

If you have a Single Member LLC that is a S Corp you need to file a separate 1120S business return for it.

You can enter Schedule C Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version or use any of the Desktop CD/Download programs.

How to enter self employment income

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653