Llc & Wages

[gman]

Have a two member LLC and no other employees. Are the members allowed to pay themselves wages. Recieved a letter from the IRS asking for 941's for the past year..

[Jiggers]

LLC Wages

Have a two member LLC and no other employees. Are the members allowed to pay themselves wages. Recieved a letter from the IRS asking for 941's for the past year..

How is the LLC taxed? 1065? 1120? 1120S?

If a 1065, no wages for the two members.

If an 1120 or 1120S, yes, you could have wages.

If this is a new LLC and an there is a new EIN, the SS-4 may have shown employees and the IRS puts that in their system.

[gman]

1065

two members. Would 0 941 forms need to be sent in?

[AJsTax]

Do not send in

$0 941 in this case. A partnership with no employees has no filing requirement for a 941. You do not want to get 941s started as they will look for them every quarter then. A reply to the notice will suffice. There is almost always a place on the form to check that the company was not required to file, sign and send back.