LLC Registered in Nevada in 2020...California, for example, has its own LLC tax return.
Does Nevada? Or would he just file the federal only?
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NV has no state taxes, which is why people think they can save money by incorporating there.
But what does he file? depends where he lives and/or does business?
Does he live in and only do business in NV?
or is the corporation just formed in NV and he lives and does business in CA?
@Just-Lisa-Now- "NV has no state taxes, which is why people think they can save money by incorporating there."
No, it's because, unlike in most states, owners in a Nevada LLC are not a matter of public record. They can remain completely anonymous (or so they think). Mostly these are people in the paranoid fringe, whom no one is interested in tracking anyway.
There's a good discussion of this at
https://www.internetlegalattorney.com/can-business-owners-stay-anonymous/
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