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Smllc Holding Company

ellapb
Level 1

If a SMLLC is a parent company to two other SMLLC companies, how would I go about filing a tax return without causing triple taxation. What forms do I file? 

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2 Comments 2
TaxGuyBill
Level 15

Have any of them elected to be taxed as a corporation?

If not, they are "Disregarded Entities".  So disregard the LLCs and treat them as if the owner had that income.

 

abctax55
Level 15

I vaguely remember something about 'serial' LLC's.  Maybe that's just a California thing, to override the $800 minimum tax at the lower levels. 

Not sure if any of this helps with your situation.

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