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Old 12-21-2013, 04:43 PM
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Join Date: Dec 2013
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General Guidance on Married LLC Situation

Hi all,

My wife and I started two completely unrelated LLC's in Maryland, where we live, in 2013. This will be the first year we handle taxes for our situation.

One LLC is Single-Member (myself only) for something I am only involved in. The second LLC we are both partners of (two members total), although she primarily runs day-to-day operations and I work about 15% of the time.

My question is: how, generally, are we required to file. I though I read somewhere that because we have separate LLCs, we had to file separately, but now I cannot find any supporting documentation for that.

My understanding now is: 1) I will fill out a Schedule C for my LLC since it is Single-Member and a partnership return is not required. 2) We will fill out a 1065 for the joint LLC (Maryland is not a community state) and each receive our own Schedule C from the K-1.

Can we flow all of these different Schedule C's into a joint 1040 return or do we have to file separately? Did I get any of that wrong? I also gave the companies that provide the revenue for my Single Member LLC the LLC name and LLC Federal EIN, but I believe now that I should have submitted my personal tax id (SS #) since as a Single Member LLC, I should not file a partnership return. Do I have to back-track and contact them to change it or am I OK to just claim any income from them on my personal Schedule C?

Thanks so much!
-Greg



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