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Level 1
posted Mar 25, 2025 9:14:14 AM

small business

My husband has a small business that he registered as an LLC, he is the owner and only employee. Do I need to file a separate tax form for his business or include it on our personal taxes?

He also needs to fill out a W9 form for a company he did work for and I don't know if he is a sole proprietor, disregarded entity, or a S- Corp?  

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1 Best answer
Expert Alumni
Mar 25, 2025 9:18:10 AM

He should file the LLC income and expenses on his personal tax return, as self-employment income on a schedule C, provided he didn't elect to file it as a corporation. For the W-9 form, he would be considered a disregarded entity.

5 Replies
Expert Alumni
Mar 25, 2025 9:18:10 AM

He should file the LLC income and expenses on his personal tax return, as self-employment income on a schedule C, provided he didn't elect to file it as a corporation. For the W-9 form, he would be considered a disregarded entity.

Level 1
Mar 25, 2025 9:28:12 AM

Where would I check to see if he elected for it to be a corporation?

Expert Alumni
Mar 25, 2025 9:36:33 AM

The election would have to have been made and accepted by the IRS.

 

First, your LLC has to file Form 8832 (Entity Classification Election) to be taxed as a corporation, then file Form 2553 (Election by a Small Business Corporation) to change your tax status to S Corporation.

 

 

Level 1
Mar 25, 2025 9:41:08 AM

Is that why they gave us an EIN number?

Expert Alumni
Mar 25, 2025 9:45:10 AM

Possibly.  You would have needed an EIN to pay employees or pay himself by W-2 and remit withholding taxes.

 

Locate the paperwork.  It may give you a hint as to the purpose of the number.