Ed371
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12-07-2019
11:10 AM
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Two member llc consist of spouses filing married jointly. Would like to change to single member llc with only one spouse for tax form simplification. Company did generate some income for this year.
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sjrcpa
Level 15
12-07-2019
11:10 AM
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1065 for the period of time it had 2 members - a short year return. Then Sch C for the preiod of time with single owner. 8832 not needed. Disregarded entity is the default classification for a single member LLC.
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abctax55
Level 15
12-07-2019
11:10 AM
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Community property state?
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Ed371
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12-07-2019
11:10 AM
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No, Illinois
