How Do You Complete A Schedule C (1040) Form For A Limited Liability Company?
Members of a limited liability company must complete a Schedule C (1040) form to report income from the profit or loss of the business. Owning an LLC is appealing to business members since they can file with their personal tax returns. Many companies hire an accountant with corporate business experience. You may also file individually, using resources available online. Follow these steps to learn how. Acquire the Schedule C 1040 tax form from the government. Call (800) TAX-1040 to request an official form (and instruction booklet), or visit the IRS Web site (see the Resources section below). Use the IRS Tax Products CD, which provides helpful information such as current forms, frequently asked questions and instructions. You’ll pay a fee for this service. Call (877) CDFORMS to obtain the disk. Collect the necessary information for the Schedule C 1040 form. You will need the limited liability company’s employer identification number (EIN) for line D. If you are a single-member LLC, you
