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dvclay
Jan 28, 2009, 12:54 PM
Can an llc claim children dependents?

MukatA
Jan 28, 2009, 11:54 PM
An An LLC is classified for Federal income tax purposes as a sole proprietorship a partnership or a corporation. If the LLC has only one owner, it will automatically be treated as if it were a sole proprietorship (referred to as an entity to be disregarded as separate from its owner), unless an election is made to be treated as a corporation.

If you are a sole proprietor, then you will file your individual tax return.

AtlantaTaxExpert
Jan 29, 2009, 01:29 PM
Only individual tax returns can claim dependents.

Corporate and partnership returns CANNOT claim dependents.