On which tax form does a single member LLCs with one individual owner report its income and losses?
A) Form 1120
B) Form 1120S
C) Form 1065
D) Form 1040, Schedule C

Name: On which tax form does a single member LLCs with one individual owner report its income and losses? A) Form 1120 B) Form 1120S C) Form 1065 D) Form 1040, Schedule C
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Quizplus · Accepted Answer

Single member LLCs, with one individual owner, follow the same filing guidelines as sole proprietorships. Thus, their income is reported on Form 1040, Schedule

On Which Tax Form Does a Single Member LLCs with One