I got my EIN number only this year do i still need to file a return

hzcohen · ‎June 1, 2019

i opened the llc company in 2018- the business was not active at 2018 at all.

i got my EIN mumber from IRS only at 2019.

do i still need to file taxes? even if i didn't had my federal identification number?

Coleen3 · ‎June 1, 2019

A two member LLC must file a Partnership return regardless of whether or not there was income. Use your EIN.

Partnerships and corporations have different standards for filing an information return or income tax return.

A domestic partnership must file an information return, unless it neither receives gross income nor pays or incurs any amount treated as a deduction or credit for federal tax purposes.
A foreign partnership generally must file an information return if:
- It has gross income effectively connected with the conduct of a trade or business within the United States,
- It has gross income derived from sources in the United States, or
- It or its U.S. partner is making an election, such as an election to amortize organization expenses.

A domestic corporation (including a Subchapter S corporation) must file an income tax return whether it has taxable income or not, unless it's exempt from filing under section 501.
A foreign corporation generally must file an income tax return if it:
- Engages in a trade or business in the United States, even if it has no income effectively connected with the conduct of a trade or business in the United States during the taxable year,
- Has income, gains or losses treated as if effectively connected with the conduct of a U.S. trade or business and subject to taxation under subtitle A of the Internal Revenue Code (relating to income taxes), or
- Doesn't engage in a trade or business in the United States at any time during the taxable year but has U.S. source income, and the withholding at source under Chapter 3 of the Internal Revenue Code didn't fully satisfy its taxation.

Coleen3 · ‎June 1, 2019

Was it a single member LLC?

hzcohen · ‎June 1, 2019

2 members

Coleen3 · ‎June 1, 2019

A two member LLC must file a Partnership return regardless of whether or not there was income. Use your EIN.

Partnerships and corporations have different standards for filing an information return or income tax return.

A domestic partnership must file an information return, unless it neither receives gross income nor pays or incurs any amount treated as a deduction or credit for federal tax purposes.
A foreign partnership generally must file an information return if:
- It has gross income effectively connected with the conduct of a trade or business within the United States,
- It has gross income derived from sources in the United States, or
- It or its U.S. partner is making an election, such as an election to amortize organization expenses.

A domestic corporation (including a Subchapter S corporation) must file an income tax return whether it has taxable income or not, unless it's exempt from filing under section 501.
A foreign corporation generally must file an income tax return if it:
- Engages in a trade or business in the United States, even if it has no income effectively connected with the conduct of a trade or business in the United States during the taxable year,
- Has income, gains or losses treated as if effectively connected with the conduct of a U.S. trade or business and subject to taxation under subtitle A of the Internal Revenue Code (relating to income taxes), or
- Doesn't engage in a trade or business in the United States at any time during the taxable year but has U.S. source income, and the withholding at source under Chapter 3 of the Internal Revenue Code didn't fully satisfy its taxation.