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My single member LLC is currently filing taxes as a sole proprietorship.

I want the business do...
My single member LLC is currently filing taxes as a sole proprietorship. I want the business do its own tax return what needs to be filed with the IRS to do this?
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Answered in 24 minutes by:
6/1/2009
Bill
Bill, Enrolled Agent
Category: Tax
Satisfied Customers: 3,153
Experience: EA, CEBS - 35 years experience providing financial advice
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If you want to file as a corporation then you would need to file Form 8832. Generally, this must be done by the due date of the LLC's first tax return.

 

http://www.irs.gov/businesses/small/article/0,,id=158625,00.html

 

http://www.irs.gov/pub/irs-pdf/p3402.pdf

 

http://www.irs.gov/pub/irs-pdf/f8832.pdf

 

http://www.unclefed.com/Tax-Bulls/2002/rp02-59.pdf

 

 

Bill
Bill, Enrolled Agent
Category: Tax
Satisfied Customers: 3,153
Experience: EA, CEBS - 35 years experience providing financial advice
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