How to File LLC Taxes (Step-by-Step for Beginners)

Easily track your LLC income and expenses with FreshBooks here: https://startupwise.com/freshbooks/ ^ Get 50% off for 6 months with our exclusive link. Open a clean business bank account and organize your LLC cash flow with Relay here: https://startupwise.com/relay/ ^ Get a $100 sign up bonus when you fund a new Relay account with at least $100. In this video, I go over how to file your LLC taxes for 2026 in a clear, step by step way so you are not staring at a blank screen, second guessing every form, and worried you will miss something important that costs you money or triggers an IRS letter instead of a smooth approval. You will see exactly what documents you need, which forms apply to your LLC type, and how to move from raw income and expense records to a finished tax return that you can file with confidence as a first time LLC owner. Our favorite business must-haves: 💳 Best business credit cards: https://startupwise.com/creditcards 🏦 Novo (best business bank): https://startupwise.com/novo 🖥️ Best AI website builder ($3/month using code STARTUPWISE): https://startupwise.com/hostinger/ ⚙️ Northwest (best $39 LLC formation service): https://startupwise.com/northwestLLC 💰 Payroll with Gusto (get 2 months free!): https://startupwise.com/gusto 👨💼 Best overseas staffing agency (save 80% on payroll): https://paired.so/startupwise Be sure to watch this video until the end because I’ll walk through the full process from gathering your 2025 income and expense records, to filling out Schedule C and Schedule SE, to pulling everything together on Form 1040 so you can avoid common beginner mistakes that lead to overpaying or penalties. I will also explain due dates for single member and multi member LLCs, how estimated taxes work, and simple ways to organize your business finances so next year’s tax season feels cleaner and less stressful for you. If you are searching for how to file LLC taxes in 2026, how Schedule C works for a single member LLC, LLC tax forms for beginners, self employment tax calculation, or step by step LLC tax filing tutorial with real examples, this video will walk you through it in plain language. You will learn how to report your business income, claim your deductions, understand self employment tax, and choose between tax software, a CPA, or filing by hand so you can pick what fits your situation and budget. If you found this video helpful, be sure to check out our other videos on: How to Elect Your LLC To Be Taxed As an S Corporation (Fast): https://youtu.be/yPujEa46xAc How to Track LLC Expenses to Maximize Tax Deductions: https://youtu.be/BUn21NHUA5g Request New Videos Here: https://forms.gle/k9TtfauggkEpAWNQA More tutorials on our website: https://www.startupwise.com Thanks for watching! I hope you have a wonderful day! – Sen #LLCTaxes #USTaxes #Taxes Timeline: 0:00 - Introduction 0:25 - What You Need Before You Start 0:40 - First, All Of Your Income Records 1:19 - Second, Your Expense Records 2:02 - Third, Your Personal Information 2:24 - Know Which Forms You’re Filing 4:16 - Completing Schedule C 6:07 - Calculating Self-Employment Tax on Schedule SE 8:00 - Putting It All Together on Form 1040 9:21 - How to Actually Submit Your Return 9:26 - Option One: Tax Software 10:06 - Option Two: Hire A CPA Or Tax Professional 10:33 - Option Three: File By Hand 11:22 - Estimated Taxes, Don’t Make This Mistake Next Year 12:44 - Common Mistakes to Avoid 14:01 - Conclusion Disclaimer: Some of the links above may be affiliate links, meaning I may receive a small commission if you click on them. The commission is paid by the retailers at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your due diligence. We appreciate your viewership! In addition, we are not financial advisors. StartupWise does not provide tax, legal, or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your due diligence before making any financial decisions.