Re: [taxchat] LLCs

An LLC does not HAVE  TO file a federal tax return at all - under the right circumstances.    It could be filed as any number of taxpayer types, though you mentioned the more popular ones.

 

The State of CA has LLC tax returns, separate and apart from Partnership returns.  Other States probably do as well.

 

Most states have one or more LLC filings or returns due to their Secretary of the State office.

 

Colin Cody, CPA

----- Original Message -----

From: Cris Kelly

To: taxchat@yahoogroups.com

Sent: Monday, November 17, 2008 1:39 PM

Subject: [taxchat] LLCs

I need to verify that I am wrong or right –

When someone forms a LLC don't they HAVE TO file as either a corp, partnership or sole prop.  is there a way to file as a LLC?  I always thought you had to file as one of the above entity types and there wasn't a form for filing as a LLC.          

I have a new client that we are only doing the books for and their tax prep person is saying different (or at least that is way the client is telling me). 

Please advice if I am right or if I am wrong and a company can file as a LLC.

Thanks for the help.

Cris

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