IRS FORMS

For federal tax purposes, how your LLC files depends on its classification. If you are the sole owner (a single-member LLC), it's typically treated as a "disregarded entity" by the IRS. This means its income and expenses are reported on your personal tax return, usually Schedule C (Form 1040) for business income, even if there are zero sales or income. If your LLC has multiple owners, it's generally classified as a partnership. Partnerships are required to file Form 1065, U.S. Return of Partnership Income, annually, regardless of whether they made sales or had income. Each partner receives a Schedule K-1 from the LLC to report their share of income/loss on their personal return. You would need an Employer Identification Number (EIN) if your LLC is a partnership or if you elected for it to be taxed as a corporation. Even single-member LLCs often obtain an EIN for banking or state purposes. Filing is mandatory even if you had no sales or income for the year, as this establishes your business's activity with the IRS. You should determine your LLC's federal classification to ensure proper reporting.