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    prmarr's Avatar
    prmarr Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Mar 17, 2014, 10:32 AM
    Business owner tax form
    As a business owner-what form do I need to file for myself--w-2?
    prmarr's Avatar
    prmarr Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Mar 17, 2014, 10:36 AM
    Does a business owner file a w-2 form
    Does business owner of llc file a w-2
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Mar 17, 2014, 12:23 PM
    A W2 is used to report salary and withholding paid to an employee. Did you list yourself as an employee drawing a periodic salary? If not, and you just took profits out of the business, I think you would reporting it as business profits.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Mar 17, 2014, 10:24 PM
    An LLC is a BUSINESS entity, not a tax entity.

    Unless it is specifically registered as a partnership or corporation, the LLC is a "disregarded entity", which means it is a sole proprietorship that submits Schedule C and SE on the owner's individual tax return.

    Hence, no W-2 is needed.
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