I want to Dissolve my LLC, it never started up, no assets, never made an income, do I need to file any Income tax return?

I want to Dissolve my LLC, it never started up, no assets, never made an income, do I need to file any Income tax return Just want to make sure if the only steps are filing the Certificate of Dissolution and the $60 fee Asked by leonel 39 months ago Similar questions: Dissolve LLC started assets made income file Income tax return Business > Taxes.

Similar questions: Dissolve LLC started assets made income file Income tax return.

NOT If you obtained a Federal ID Number on Form SS-4 from the IRS then you are liable for a tax return for each year you were in existence, even though you had no income or assets. Technically the IRS can fine you for failure to file even though you had no activity. When you received your TIN# letter, the IRS also told you what form to use to file your annual taxes.

LLC’s are funny entities to the IRS. Unless you tell them otherwise, they treat them as a partnership and you file a Form 1065. The service is particularly nasty about delinquent corporate tax returns Form 1120 or Form 1120S.

These forms are used by LLC’s IF the corporation format is requested by the LLC’s members within 45 days of forming the LLC. Further a IRS Form 2553 is filed at the same time if you want to use the "S" status instead of the straight "C" type corporation. You are also due to file a state tax return for each year you file a Federal return.

Any further questions, you should consult a CPA or your tax advisor. Sources: 32 years as a Tax preparer of which 22 have been as a CPA .

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I have not worked for at least 15 years due to my disability. Last year I decided to file a income tax return.

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