Good Afternoon,
Is there IRS guidance that suggests you should not file a Schedule C if you had no company activity during the Tax Year?
As a single-member LLC in Maryland, if there is no business activity and no income or expenses to report, should I include a statement regarding the LLC's status?
Please advise,
BAdams
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If your single-member LLC had no income or expenses in 2023, there's nothing to report on Schedule C.
There's no need to include a statement to that effect on your tax return.
Thank You!
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