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What tax return does an LLC file?

April 26, 2017file LLC tax return

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What tax return does an LLC file?

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File in the same way with Minnesota as you are filing with the IRS. Exception: Foreign (non-U.S.) eligible entities, see Revenue Notice #98-08. LLCs may file an election with the IRS to be treated as a corporation of some kind. If an election is not filing there is a default filing status. The default filing status for one member LLCs is that they are disregarded for the purposes of income tax (the LLC reporting is done on the return of the member). The default status for multiple member LLCs is partnership.