Does a single member Nevada LLC has to file tax return?
For Federal taxes only, a single member LLC that does not make a corporate election (to be taxed as a corporation) reports income on the member’s Sch-C. It is a “pass through” organization to the federal government. If the LLC has employees (other than the owner), it has to file 941 and 940 tax returns, and state equivalent. For states, it is up to state law how they want you to report LLC activity. A multi-member LLC is deemed to be a “partnership” to the IRS, and needs to file a 1065 reporting income to its partners. Any LLC can elect to be taxed as a corporation for federal.
