Do I need to file a return for an LLC that did no business at all in 2008? LLC is between me and my three brothers. No revenue, no expenses, no activity at all.

Answer

You probably ought to file a return showing zero income, zero expenses, particularly if the LLC has filed returns in the past.

It’s very easy for the IRS to have their computers run a check to see if every business that filed in 2007 filed in 2008. For the ones that did not, they are going to ask you “why not”?

Simply file a Form 1065 return with all zeroes (if that is accurate), issue the K-1s to each member, and be done with it.

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