Can you still file a 2017 tax return?

May 17, 2021 is the last day to file your original 2017 tax return to claim a refund. If you received an extension for the 2017 return then your deadline is October 15, 2021. federal tax debt you owe.

Do you use a Schedule C for an LLC?

A single-member LLC, that has not elected to be treated as a corporation, uses the Schedule C to report profit or loss from the business. The LLC is considered a business structure allowed by state statute for other legal purposes but is disregarded or ignored for tax purposes.

Do I have to file a Schedule C if I have a loss?

Is it necessary that I file a Schedule C? If your sole proprietorship business has no profit or loss during the full year, it’s not necessary to file a Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship) for that year.

Can I still file my 2017 taxes electronically in 2020?

Answer: Yes, you can file an original Form 1040 series tax return electronically using any filing status. Filing your return electronically is faster, safer and more accurate than mailing your tax return because it’s transmitted electronically to the IRS computer systems.

Can you still file 2017 taxes online?

You can still file 2017 tax returns Even though the deadline has passed, you can file your 2017 taxes online in a few simple steps. File late taxes today with our Maximum Refund Guarantee. All available prior years. File your 2013, 2014, 2015, 2016, 2017, 2018, and 2019 tax returns.

Can a 2 member LLC file a Schedule C?

If the two members are spouses and filing a joint tax return, you can elect to be treated as a single member LLC. A single member LLC is a disregarded organization by the IRS. This means that all income and expenses get reported on Schedule C of your individual tax return.

Should I get an EIN for my single member LLC?

Most new single-member LLCs classified as disregarded entities will need to obtain an EIN. A single-member LLC that is a disregarded entity that does not have employees and does not have an excise tax liability does not need an EIN. It should use the name and TIN of the single member owner for federal tax purposes.

What happens if you dont file a Schedule C for a LLC?

If you don’t file a Schedule C for an active LLC, then you can’t do the following: Deduct any business expenses incurred during the year for a loss. Losses can offset other income on your tax return reducing your taxes.

When to file single member LLC tax return?

For the return due date for a single member LLC (SMLLC), see General Information E, When and Where to File.

Can a business close down and reopen with another LLC?

If you have known creditors in your business, you cannot close down an LLC for the sole purpose of evading those creditors and then re-open your business with another LLC if it’s essentially the same business.

Can a single member LLC be treated as a separate entity?

Single-member disregarded LLCs will continue to be disregarded for other federal tax purposes. A single-member LLC that is classified as a disregarded entity for income tax purposes is treated as a separate entity for purposes of employment tax and certain excise taxes.