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TurboTax Full Service Business is perfect for partnerships, S-corps, LLCs and sole proprietorships. Start for freePay only when you file Small Business taxes done right, with unlimited expert advice Get unlimited tax advice from live experts as you do your taxes and a final review b...
Step 1: Confirm your LLC’s tax classification The first step in filing taxes for an LLC with no income is verifying your LLC’s tax classification. By default, a single-member LLC is considered a disregarded entity, and an LLC with two or more members is treated as a partnership. To ...
C-Corporations are generally subject to double taxation, which means they are required to pay corporate taxes on profits, and their shareholders are required to pay individual taxes on their dividends. Every year, C-Corporations are required to file Form 1120 with the IRS to report their income...