Glossary
Disregarded entity
A single-member LLC that the IRS ignores for income tax: its income and expenses are reported on the owner's own return as if the LLC did not exist.
Disregarded does not mean invisible. The LLC still has an EIN, still files payroll returns if it has employees, still files Form 5472 if the owner is non-US, and still exists for state fees and legal liability. What disappears is the separate federal income tax return: a US owner reports on Schedule C, a non-US owner on Form 1040-NR if there is US-connected income.
An LLC stops being disregarded when it gains a second member (partnership), elects S-corp status (Form 2553) or elects to be taxed as a C-corp (Form 8832). Each change has its own filing and its own deadline.
Ask a Certified Accountant instead
Two sentences about your situation and we reply within 8 hours with a fixed quote, or with the answer if it is a quick one.
Get a fixed quote
Tell us the basics. We reply within 8 hours, no obligation.