An LLC must file Form 1099-MISC if the business made payments for rents or other services totaling $600 or more. There are several other types of 1099 forms, and each serves a different purpose.

If you make this change, your LLC will be subject to the 21% federal corporate tax rate. You’ll need to file taxes using Form 1120 , U.S. Corporation Income Tax Return.

There is a “Final Tax Return” check-off box on federal tax forms. For an LLC, you must also file Schedule C (Form 1040 or Form 1040-SR), Profit or Loss From Business with your normal yearly ...

The owners of the LLC, however, aren't employees of the business and therefore can't be paid wages -- sometimes called "W-2 income" after the federal form that reports such pay.

The numbered schedules (supplementary forms) of Form 1040 have been reduced to three (Schedules 1, 2, 3). A new tax return, IRS Form 1040-SR ("US Tax Return For Seniors"), is available for ...

You can form an LLC and choose to be taxed as an S corporation. ... and credits through to their shareholders for federal tax purposes. ... you must file Form 2553 with the IRS. The form, ...

Those with an income greater than $73,000 can use the IRS’s free fillable forms, which are electronic federal tax forms equivalent to the paper 1040 form. How do I pay my federal taxes?