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-   -   LLC children dependents (https://www.askmehelpdesk.com/showthread.php?t=309865)

  • Jan 28, 2009, 12:54 PM
    dvclay
    LLC children dependents
    Can an llc claim children dependents?
  • Jan 28, 2009, 11:54 PM
    MukatA

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

    Corporate and partnership returns CANNOT claim dependents.

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