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For a LLC that is organized in 7 states do I file Tax as a
For a LLC that is organized in 7 states do I file Tax as a corporation or do I file Tax as a LLC? Which tax form do I use to file Tax?… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,271 satisfied customers
I filed a company as a LLC with the state of New Jersey. I
I filed a company as a LLC with the state of New Jersey. I am now on the IRS website, to apply for a EIN number. When I went to get one, I received this message (see attached).Please let me know what … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have an existing LLC which filed as a partnership and then
I have an existing LLC which filed as a partnership and then as a schedule when it became a one member LLC. I now want to be treated as an s-corp in 2018. Do I need to file both 8832 and 2553 or just … read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
I've had an inactive single member llc since October 2016. I
I've had an inactive single member llc since October 2016. I didn't file the election to make it an s-corp. I am now preparing to operate under the llc. Is it too late for me to make it an s-corp? … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,271 satisfied customers
IRS FORM 2553 TO HAVE MY CLIENTS LLC TREATED AS AN S-CORP AS
i AM FILNG IRS FORM 2553 TO HAVE MY CLIENTS LLC TREATED AS AN S-CORP AS OF 01/01/2017. THE LLC WAS FORMED IN 2016. A PARTNERSHIP 1065 RETURN WAS FILED IN 2016. I AM FILING FOR LATE ELECTION RELIEFAS P… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,271 satisfied customers
I registered an LLC in the state of Colorado on April 29,
I registered an LLC in the state of Colorado on April 29, 2017. Its a brand new LLC. I have the fedral tax ID number also for my LLC. It's a single member LLC with no shareholders now. I need clarific… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
286 satisfied customers
On 10/19/2015 a disregarded entity was started as an LLC in
On 10/19/2015 a disregarded entity was started as an LLC in Arizona. On 3/31/16 a Sub S partner bought into the business and forming a partnership. A previous Sub S Election on Form 2553 had been file… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
I am a Single Member LLC, and have been filing Schedule
Hello I am a Single Member LLC, and have been filing Schedule C for years. My profits are to the point where I think becoming an S corp, and running a payroll on myself would benefit me with taxes. Ca… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,271 satisfied customers
I have an American Citizen with French husband and brother
I have an American Citizen with French husband and brother in law. They started a business last year as an LLC. The lady took 55k as income last year. They have a viable product and expect to make goo… read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,013 satisfied customers
If an LLC partnership elects to be taxed as an S-corp on
quot;For Lane"If an LLC partnership elects to be taxed as an S-corp on 1/22/15 does the partnership need to file a 1065 for the first 22 days of the year and an 1120s for the remainder, or just an 112… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,271 satisfied customers
I have a client that set up a single member LLC but wants to
I have a client that set up a single member LLC but wants to file for treatment as an S-Corp what do I need to do to correct the 1120-S filing? Amend as an LLC or file a form 2553?… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
This question is, JD. It is related to a question I asked a
This question is for Lane, JD. It is related to a question I asked a couple months ago. Some months ago I asked a question about a new forming corporation taking in earlier businesses from a couple an… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,271 satisfied customers
Good Morning Lev. Question on Entity Change. A sole ownership
Good Morning Lev. Question on Entity Change. A sole ownership LLC would like change entity and become a S-Corp. The LLC has an active EIN and my understanding form 2553 can be used to make that entity… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have a S Corp who is still paying the IRS prior years payroll
I have a S Corp who is still paying the IRS prior years payroll withholding tax. She closed her payroll account in 2012 and has only been taking draws and no salary. I am going to discuss setting up p… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
About one month ago I formed a single owner LLC which will
About one month ago I formed a single owner LLC which will default to a disregarded entity. I have decided that I would like to make this a Subchapter S corporation. Form 8832 is used to request being… read more
winktax
winktax
Enrolled Agent
Master's Degree
349 satisfied customers
I was told an S-corp is better than an LLC because it keeps
I was told an S-corp is better than an LLC because it keeps everything off of my 1040, which is more likely to be audited than income/expenses on an 1120S. Is this true?… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
We formed a 3 member LLC, a restaurant, this year in April.
We formed a 3 member LLC, a restaurant, this year in April. Form 2553 was filed, and the IRS approved the S-Corp status beginning May 1 even though we left the effective date blank. After speaking wit… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I incorporated my business in July of 2008. I never filed
I incorporated my business in July of 2008. I never filed a form 2553 to elect to be an S Corp (I thought my attorney had done it). I also haven't filed my 2008 taxes yet. I am trying to get them done… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
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