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Old 05-04-2011, 02:07 PM
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Join Date: Feb 2010
Posts: 6
Are Single Member LLC's or Schedule C filiers more prone to IRS Audits?

A question to our fellow CPA's on this board, "Are Single Member LLC's or Schedule C filers more prone to IRS Audits?"

If that is so, do you recommend that we as CPA's start to advise our Schedule C filers to convert to an S corporation, and have the Single Member LLC admit another partner to form a 2 Member LLC and file a Form 1065 Partnership Tax Return?

Any thoughts would be most welcome! Thanks in advance!!!

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