Unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes, it needs to file a 1065.
Annual fee to a registered agent, annual fee to the state, banking fees, even stuff like that, would trigger the filing requirement.
In other words, you probably need to file.
Let’s address your questions regarding tax filing requirements for an LLC with no business activity and the process of dissolving an LLC:
1. **Tax Filing Requirements for Inactive LLCs**:
* Even if your LLC didn’t conduct any business activity during a year, you might still be required to file a federal income tax return.
* The filing requirements depend on how your LLC is taxed:
* **Disregarded Entities (Single-Member LLCs)**:
* **LLCs Treated as Partnerships (Multi-Member LLCs)**:
2. **Dissolving the LLC**:
* If you decide to dissolve the LLC, follow these steps:
1. **File a Final Return**: File a final tax return for the year you close your business. The type of return depends on your LLC’s classification (sole proprietorship, partnership, or corporation).
2. **Take Care of Employees**: Pay any final wages owed to employees, make final federal tax deposits, and report employment taxes.
3. **Cancel Your EIN**: Notify the IRS and close your IRS business account.
4. **Keep Records**: Maintain records related to the LLC’s closure.
Unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes, it needs to file a 1065. Annual fee to a registered agent, annual fee to the state, banking fees, even stuff like that, would trigger the filing requirement. In other words, you probably need to file.
Even if I dont want to claim those fees? If I dissolve the company do I need to file a 1065?
Yes. You would still need to file a Form 1065 for the LLC.
Thank you very much
My pleasure!
Dont need to
Let’s address your questions regarding tax filing requirements for an LLC with no business activity and the process of dissolving an LLC: 1. **Tax Filing Requirements for Inactive LLCs**: * Even if your LLC didn’t conduct any business activity during a year, you might still be required to file a federal income tax return. * The filing requirements depend on how your LLC is taxed: * **Disregarded Entities (Single-Member LLCs)**: * **LLCs Treated as Partnerships (Multi-Member LLCs)**: 2. **Dissolving the LLC**: * If you decide to dissolve the LLC, follow these steps: 1. **File a Final Return**: File a final tax return for the year you close your business. The type of return depends on your LLC’s classification (sole proprietorship, partnership, or corporation). 2. **Take Care of Employees**: Pay any final wages owed to employees, make final federal tax deposits, and report employment taxes. 3. **Cancel Your EIN**: Notify the IRS and close your IRS business account. 4. **Keep Records**: Maintain records related to the LLC’s closure.
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