I realize that the income, expense, gains, & losses of the single member LLC, disregarded entity are reported on the owner's tax return, in my cas a partnership. Schedule B of 1065 describes partnerships that have ownership interests in corporations, other partnerships, or trust. My partnership owns a single member LLC, disregarded entity with Name & EIN that should be reported somewhere on the owner's, partnership, tax return.
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An EIN for an disregarded LLC is basically only for things like employer returns, excise tax, and retirement funds. Any 1099-MISCs (via a W-9) should be in the OWNER's EIN, not the disregarded entity's EIN.
I think the only thing the IRS uses it for is to make it easier for the IRS audit-computer to link employer returns, excise returns, and retirement funds to the Schedule C.
Yes, the K-1 will have the EIN of the Partnership. The IRS *should* know that the Partnership owns the disregarded entities, so it *should* know that any informational reporting in the disregarded entity's EIN belongs on the Partnership return.
Ideally, if you receive a K-1 (or 1099-MISC) in the name of the disregarded entity, it should be corrected.
I think the OP's situation is sort of the reverse. The Partnership owns a subsidiary business (the disregarded entity). Although it might need an EIN for non-income tax purposes (such as employer forms), for any income tax purpose it should use the EIN of the owner (in this case, the Partnership).
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