Posted by Diane (TX) on January 11, 2003 at 08:33:48:
Nicole - Revenue procedure 2002-69 gives a husband and wife in a community property state the option of either disregarding the LLC or filing a 1065. Since I’m in a community property state, I haven’t carried this analysis further.
Single Member LLC? - Posted by Nicole
Posted by Nicole on January 10, 2003 at 21:29:30:
In a previous post, it was mentioned that a husband wife team can treat an LLC as a diregarded entity for tax purposes (and file just a 1040 instead of 1065). I have looked for the ruling on this. Where can I find it exactly?? What is the PLR #?
Thank You.