LLCs and 1099s

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Your LLC may be treated as a corporation, partnership, or disregarded entity (i.e., sole proprietorship).

Limited liability companies, more commonly referred to as LLCs, are treated differently by the IRS depending on the number of members (owners) and the tax election status you make for your LLC. The number of members and your tax election status also affects your 1099 filing requirements regarding LLCs.

Do you want to know the actual specifics that may relate to your limited liability company? Click through the presentation below for the answers to your questions.

Limited Liability Companies (LLCs) and 1099 Reporting from Tiffany C. Wright

For more information on 1099s, visit www.cash4impact.com/1099-guide.