I have a client that has a no activity LLC, in which the husband and wife are the only owners. How do I file them as a single entity LLC for federal and state? I already filed thier joint return, with no mention of a joint venture.
If you are meaning SMLLC, there is no federal reporting, whatever the business opertions are are reported on the SCH C, E, or whatever applicable, same for CA. The SMLLC does file a ” short form ” 568 to report gross receipts and pay associated tax and or fee. This 568 is filed seperate from the 540.