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So when a husband and wife own an LLC together in Florida, they're not viewed as one "unit" for tax purposes. Instead, they'll each own a percentage of the LLC and will be treated as a partnership by the IRS (unless they choose to have the LLC taxed as an S Corp).
The married couple are the only LLC owners (there are no other persons or companies that own the LLC) Both spouses materially participate in and operate the business. The married couple files a joint federal income tax return (Form 1040) The LLC has not elected to be taxed as a Corporation under 26 CFR 301.7701-2.
To file taxes as a married couple with a single-member LLC, the IRS requires you to meet the following requirements: You and your spouse must be the only members of the LLC. Both spouses must participate in the business. Both spouses must opt to be taxed as a disregarded entity rather than a partnership.
If your LLC has one owner, you're a single member limited liability company (SMLLC). If you are married, you and your spouse are considered one owner and can elect to be treated as an SMLLC. We require an SMLLC to file Form 568 , even though they are considered a disregarded entity for tax purposes.
Married couples: Single-member LLC or multi-member LLC? As a rule, when an LLC has co-owners, it is considered a multi-member LLC. But when those members are married, that rule may not have to apply.