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    dvclay's Avatar
    dvclay Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 28, 2009, 12:54 PM
    LLC children dependents
    Can an llc claim children dependents?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

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

    Corporate and partnership returns CANNOT claim dependents.

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