??What do I do ?? New and confused ??
Okay I'm in a situation where me and my girl went into the business together in may 2016 as a LLC taxed as an S-Corp she decided December 2016 that's she no longer wanted to be part of the business and just sent the letter to the IRS last week. I still haven't filed (I know I'm late filing) but I was waiting to see if it was going to have her off the ownership so I can be taxed as a schedule C. 1800accountant said I couldn't do that because she was in the business of the tax year 2016. We didn't make any money we took a lost in 2016 so is there anyway I can be taxed as a schedule C and not have to pay 560 to get my S corp taxes than also have to pay for personal?