if a business is filed as a llc with 2 partners how do you file taxes
If the LLC has only one member, the LLC can file Schedule C and attach it to the memberâs personal tax return Form 1040. When the LLC has more than one member, the LLC must be treated as either a corporation or, the more common option, a partnership. IRS Form 8832 is used to make this classification.Step 1. If the LLC is being taxed as a corporation, IRS form 1120 or 1120-S is required to be filed by the fifteenth day of the third month following the end of the tax year. 2  LLCs being taxed as partnerships are required to file IRS form 1065 by the fifteenth day of the fourth month following the end of the tax year.