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Updated almost 9 years ago on . Most recent reply

User Stats

4
Posts
2
Votes
Derek Steinmetz
  • Waddell, AZ
2
Votes |
4
Posts

Arizona EIN LLC Husband and Wife Multi vs Single Member

Derek Steinmetz
  • Waddell, AZ
Posted

My wife and I live in Arizona (a community property state) and created an LLC where we are both equal members. I was going onto the IRS website this morning to get an EIN and one of the questions was:

You are husband and wife residing in a community property state and the only two members of a Limited Liability Company (LLC).

Under Revenue Procedure 2002-69, you have the option of treating the LLC as a
multi-member LLC or as a single-member LLC

The question is which one is correct for the sake of Taxes.  We currently file married joint return.

Thanks.

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