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Old 03-31-2009, 08:40 AM
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Should I Ile A 1065?

I Started My Llc In March Of 2008, I Did Not Operate Undr It Because The Paper Work Took Until The Begining Of Jan 2009 O Be Finished Do I Have To File A "0" 1065 I Paid All The State Reg. Fees?
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Old 03-31-2009, 10:00 PM
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I suggest that you should file a LLC tax return since it was formed in 2008. The tax law suggests that you have an obligation to file a Partnership Tax Return Form 1065 irrespective of any activity or lack of activity.

The other issue is that you must have some expenses related to the organization or formation of the LLC. These expenses are considered organization costs and can be either expensed Pursuant under IRC section 195 (b) if they are under $5,000 or amortized over 60 months.

Thus, filing a tax return may actually result in losses reported on your K-1 that you may perhaps be able to deduct on your personal tax return.
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