Select the correct statement regarding the business tax return a LLC files.
A)The LLC files a Form 1040 Schedule C
B)The LLC files a Form 1120
C)The LLC chooses how the business is treated for tax purposes.
D)The LLC files a Form 1065

Question

Quizplus · Accepted Answer

An LLC can choose how it is treated for tax purposes, such as a sole proprietorship, partnership, or corporation, which affects the form it files.

Select the Correct Statement Regarding the Business Tax Return a LLC