Quote:
Originally Posted by mlondon  Hi,
I have a Single Member (disregarded entity) LLC in CA.
#1;I'm filling out 1099's to give to my non-employees. I know that I can use my SSN rather than an EIN (which I don't have).
#2;My question is this: should I use my personal name as the Payer? Or my LLC?
Thank you |
#1;in general, you need an EIN for biz account for your biz. some banking institutions or states will require that all LLCs possess an EIN even through the IRS does not demand one ;your SM LLC has no employees so, you may be able to use your personal SSN as your LLC’s unique identification number for the purpose of filing taxes, applying for bank loans, or conducting business with other companies.
#2; I guess either one of them, b ut you ‘d better use your SMLLC ID.as SMLLC who did not elect to be taxed any other way, you will include your taxable income on 1040 sch C/SE Consequently all taxes due will be under your ssn#, so the 1040es payments need to be under the ssn#
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