pcmcpa Posted April 14, 2010 Report Posted April 14, 2010 Can a sole member PLLC be reported on schedule C of an individual tax return or must it be reported on an 1120S? A client just e-mailed me her information yesterday that she started a PLLC in 2009 and I just want to make sure that you can't do this before I tell her she missed the PLLC due date by a month. Thanks in advance for responding. Quote
OldJack Posted April 14, 2010 Report Posted April 14, 2010 I'll bet you think we all know what a PLLC is and how it is taxed. Quote
Pacun Posted April 14, 2010 Report Posted April 14, 2010 A Professional LLC should be treated as a disregarded entity and file schedule C or 1065. Quote
Terry D EA Posted April 15, 2010 Report Posted April 15, 2010 Disregarded entity "sole member" file on Schedule C Quote
OldJack Posted April 15, 2010 Report Posted April 15, 2010 My point in my post was that not everyone that might read our forum knows what acronyms mean. Therefore we should be careful how we use such in our posts to not confuse others. Everyone knows what an LLC is but not everyone knows what a PLLC is as that term is not in most tax books. Quote
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