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What taxes does an LLC pay 2024?

Julian Davis | 2023-05-08 00:38:42 | page views：1146
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Lucas Baker

Works at Microsoft, Lives in Redmond, WA
The IRS treats one-member LLCs as sole proprietorships for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a return with the IRS. As the sole owner of your LLC, you must report all profits (or losses) of the LLC on Schedule C and submit it with your 1040 tax return.
2023-05-18 00:38:42
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Charlotte Thompson

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The IRS treats one-member LLCs as sole proprietorships for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a return with the IRS. As the sole owner of your LLC, you must report all profits (or losses) of the LLC on Schedule C and submit it with your 1040 tax return.
How Limited Liability Companies (LLCs) Are Taxed | Bplans
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