How to File Form 8832: Step-by-Step Filing Instructions

form 8832 Form 8832, known as the Entity Classification Election form, is a specialized document furnished by the IRS. Its primary function is to grant eligible entities the autonomy to select or modify their tax classification for federal tax purposes..

de 88 form  Short Answer: Yes. A limited liability company (LLC) can elect S-corporation status by filing IRS Form 2553 without first filing Form 8832. In fact, an LLC that meets the IRS’s requirements for S-corp status generally does not need to file Form 8832 at all. Form 2553 alone is sufficient to change the LLC’s tax classification to an S-corporation. Below, we’ll explain why Form 8832 is ...

28bet plataforma  An eligible entity that previously elected to be an association taxable as a corporation by filing Form 8832. An entity that elects to be classified as a corporation by filing Form 8832 can make another election to change its classification (see the 60-month limitation rule discussed below in the instructions for lines 2a and 2b).