Posted by Donna on September 19, 2003 at 12:17:26:
Since the federal government does not recognize an LLC, you have to file the federal return as something it does recognize: ie a C Corp, Sub S Corp, Partnership, or Sole proprietorship. For the most part, they leave it to you to choose which way you want to file. As for the state taxes, it depends on the state where the LLC is formed and where it operates. Each state has different tax rates and rules.