Tax Filing Choices for an LLC
If you have chosen or are thinking about choosing an LLC designation for your company, you have several choices to make. If you are the only member of you LLC, you can elect to be considered a disregarded entity for tax purposes. This means you will file a Schedule C, E or F with your 1040. If you chose to be taxed as a corporation, you need to file a Form 8832. This is the election form you must complete to notify the IRS that you want to file as a corporation. Additional information is available from the IRS website.
If there are two or more members of your LLC, you also need to complete the Form 8832. Your options here are to either file as a Partnership or a Corporation. Be sure you understand the implication of that decision before you make a final determination. If you are unsure which options are best for your particular situation, contact an Enrolled Agent or other tax professional.