Many Tax Payers form Limited Liability Company (LLC) in order to better protect them selves as LLC provides Limited Liability. But LLC comes with many requirements that must be followed in order to keep LLC compliant with state and federal laws. If you own a LLC, Do you know, ” When LLC Taxes Due?”
LLC Tax deadline is determined by How LLC choose to be taxed. LLC Taxes are due on these days if no extension is filed. If extension is filed these LLC Tax Due dates change.
- LLC Taxed as C Corp: Tax Deadline April 15th
- LLC Taxed as S Corp: Tax Deadline March 15th
- LLC Taxed as General Partnership: Tax Deadline March 15th
- LLC Taxed as Disregarded Entity: Tax Deadline April 15th
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LLC Taxed as C Corp: Tax Deadline April 15th
LLC that elects to be taxed as C Corp need to file IRS Tax form 1120. Due date for filing taxes for 1120 is April 15th. If extension is filed then the tax return can be filed until October 15th
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LLC Taxed as S Corp: Tax Deadline March 15th
LLC that elects to be taxed as S Corp need to file IRS Tax form 1120S. Due date for filing taxes for 1120 S is March 15th. If extension is filed then the tax return can be filed until Sept 15th.
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LLC Taxed as General Partnership: Tax Deadline March 15th
LLC that has more than one member can decide to be taxed as a General partnership and file form 1065. If LLC elects to be taxed as a general partnership the due date will be March 15th and if extension is filed then the tax return can be filed until September 15th.
LLC Taxed as Disregarded Entity: Tax Deadline April 15th
If LLC elects to be taxed as a Disregarded entity i.e. LLC tax is filed along with Individual Tax Return form 1040. Taxpayer will file either Schedule C, Schedule E, Schedule F and so on depending upon type of business.
Due Date for LLC will be the same as the due date for Personal Tax Return which is April 15th.
If extension is filed then due date is October 15th.
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