[Toby Mathis] – How do I list shareholder on my 1120 if I am an LLC taxed as a C-corp? So I love this question for
the fact that it let’s me get on my soapbox and
again gripe about the fact that people, especially professionals, don’t understand what an LLC is. LLC is ignored for tax purposes, it’s a creature of state law. So you say, hey… IRS this is what I am. And so what you’re really saying is, how do I list a shareholder
on my 1120 if I am a C-corp? – Right.
– You just ignore the LLC and just remove it, and the answer is, you’re going to list
yourself as the shareholder cause you’re the owner. That’s it. – That’s it, yeah.
– That was too easy. So Jeff unless you want
to make it more difficult. – No, not today. – Alright, I don’t want
to make it more difficult, I like easy. (inspirational music)