Open Question: LLC did not file tax returns 4 years; what do I do? 8 members do not want to amend.?
We applied for a FEIN in a small LLC where we apiece contributed $5,000 to purchase NYSE stock (investment club). We forgot to file any tax returns for 4 years; and the IRS notified us. Do apiece of us need to file amended returns for the past 4 years, or can the partnership pay the tax at the partnership level?
Posted: February 29th, 2008 under Taxes.
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