Single Member LLC owned by S Corp

[kafulmer]

I have a 2019 initial year single member LLC that has an EIN and ran payroll. The sole member is an S Corp that also ran payroll. I'm getting hung up on treating the LLC as a disregarded entity and reporting the combined revenue and expenses on the 1120s. Should I file a 1065 for the LLC so that wages, payroll tax, etc. match the various tax filings the IRS has already received? 

[Anonymous_ · Accepted solution]

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@kafulmer wrote:

Should I file a 1065 for the LLC so that wages, payroll tax, etc. match the various tax filings the IRS has already received? 

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No, the LLC remains a disregarded entity for federal income tax purposes (the fact that it has its own EIN notwithstanding) and reporting should be accomplished on the 1120-S.

I would suggest that you seek legal and/or tax counsel regarding this particular structure, however.