Yes, for Single-Member LLCs: If your LLC is a single-member LLC, you file business income with your personal taxes on Schedule C
Pass-Through Taxation: Single-member LLCs are taxed as sole proprietorships, meaning the business income "passes through" to your personal tax return.
Multi-Member LLCs: For multi-member LLCs, you must file a separate Partnership Return (Form 1065) and then report your share of the profits on your personal tax return using Schedule K-1.
Personal Return Forms: You will file your personal tax return on Form 1040, including all LLC income, deductions, and credits.
Akron Income Tax Co has options for both personal and business tax filing, helping you combine them in one process.
LLC as S-Corp: If your LLC is taxed as an S-Corp, you'll need to file Form 1120S separately, and report income via Schedule K-1 on your personal return.
Separate State Filings: Depending on your state, you may also need to file separate state business and personal tax returns.
Choose the Right tax forms depending on your LLC structure, for proper filing.