Feb 11, 2010 from
Anonymous
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I established a LLC in 2009. The LLC did NO business and had no sales or expenses and no income in 2009. Am I required to file a return for the LLC? I do need to file a 1040 return from my regular job.
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About the Expert
I have 7 years of experience in personal, business, partnership and trust tax returns, as well as accounting and business advising. I currently hold two Bachelor Degrees, one in Taxation and one in Finance. I am constatnly improving my knowledge and right now I am working on MST Degree (Master of Science in Taxation). I hold an Enrolled Agent certification. View Profile
You are required to file a 1040 from your regular job and there is no question about it.
I would recomend filing LLC return for 2009 even if no income was generated, mostly becasue of the statue of limitation rule. If you file tax return the time the IRS is allowed to audit you start to run, and it expires within 3 years. If you never file tax return they can go back after you for the LLC as many years back as they want. To have a peace of mind - file the return. Also, by filing "zero" return you are letting them know there was no income. If you do not file the IRS does not know that there was no income, they may have you for an audit (and nobody likes it :)) becuase they may think you had an income and did not report it.
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