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IRS tax question: Do you NEED to file 8832 with a Late 2553
IRS tax question: Do you NEED to file 8832 with a Late 2553 S-Election. Please not only provide IRS references, but your own experience with this. Please provide a DETAILED answer.… read more
Barbara
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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
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My client is a single member LLC which began on 01/01/2014.
My client is a single member LLC which began on 01/01/2014. They intended to elect to be treated as an S Corporation. The member-manager even started paying himself a salary at the first of 2014 and w… read more
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LLC's attorney filed as partnership on SS4. Filed 1-29-14
LLC's attorney filed as partnership on SS4. Filed 1-29-14 Members want to file as S corp. No business conducted at this point in time. Do I need to file an 8832 and 2553 with return?… read more
Tax.appeal.168
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I have a question about entity conversion. If an LLC taxed
I have a question about entity conversion. If an LLC taxed as a partnership converts to a C-Corp would a new EIN be required? Could you file a form 8832 instead to keep the same EIN?… read more
Lane
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Doctoral Degree
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What's first for a new open company: send form ss-4 or file
What's first for a new open company: send form ss-4 or file form 8832 ? Company is LLC and has one owner, but would like to be as corporation. Is it possible to show on form ss-4 that company will be … read more
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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
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Reelection of filing form by a LLC If a LLC previously elected
Reelection of filing form by a LLC If a LLC previously elected to file as a C corp and was approved by IRS. But now want to re-elect the year approved as a partnership, is it practical or not? I read … read more
Lev
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Bachelor's Degree Equivalent
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Our NJ LLC purchased the assets of a company on 6/15/11. There
Our NJ LLC purchased the assets of a company on 6/15/11. There are 6 investors who contributed the funds for the purchase in the form of loan notes with interest. What tax returns and schedules should… read more
CGCPA
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I am planning on setting up my own online tutoring service
I am planning on setting up my own online tutoring service along with a colleague of mine. I just wanted to know what I need to know regarding paying taxes. Of course at present I do not know how much… read more
CGCPA
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I was planning to set up an S-corp for part time consultation
I was planning to set up an S-corp for part time consultation work that I intend to do beyond my regular job. I researched the requirements and came across one which states that shareholders "may not … read more
CGCPA
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For tax year 2011, can a 1065 be changed to an S-Corp with
For tax year 2011, can a 1065 be changed to an S-Corp with the attachment of a Form 2553. What is the deadline to file this return then? March 15 or April 17? I need to change an existing husband/wife… read more
socrateaser
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I am one of two partners in an LLC partnership. My resigned
I am one of two partners in an LLC partnership. My resigned and so I am the sole partner. The company is still an LLC and has its own tax ID. The LLC not have any income for it in 2011. Last year my p… read more
Stephen G.
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About one month ago I formed a single owner LLC which will
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winktax
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I am starting a real estate investing business and have spent
I am starting a real estate investing business and have spent a few dollars his year for forming an Llc and a seminar for educating myself. Should I technically start the business this year (2011) or … read more
CGCPA
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I have an Illinois LLC, formed this year, which was a sole
I have an Illinois LLC, formed this year, which was a sole member for just 2 months, and recently sold 10% to another company and therefore now will be taxed as partnership. I need to file form 8832 t… read more
USTaxAdvising
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Bank account in America and Taxation Hi, I run a small
Bank account in America and Taxation Hi, I run a small software company in New Delhi. Currently we get all our payments via Paypal. Anyway, lately RBI (reserve bank of India) has made some very strict… read more
CGCPA
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Client is an Texas LLC. It files as a partnership form 1065.
Client is an Texas LLC. It files as a partnership form 1065. They want to switch to a sub chapter s election. Would they file the form 8832 and the 2553. They want to continue to use the LLC as their … read more
Lev
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