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I would like to file an 8832 to change LLc to be taxed as a
i would like to file an 8832 to change LLc to be taxed as a corporation. will the irs authorize the "late election relief". due to simply making the error of not sending it in? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,992 satisfied customers
I have a single member LLC and want to make a S-Corp
I have a single member LLC and want to make a S-Corp election. The LLC was formed August 2016 but no return was filed for that year due to no business activity. Business activity started in 2017 and a… read more
Carter McBride
Carter McBride
LLM
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This question is for Lane... I have an LLC in Texas and I'm
This question is for Lane... I have an LLC in Texas and I'm the only member. Right after forming the LLC (2015) we asked for and were classified a C Corp for Federal Income tax purposes. I have been t… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,992 satisfied customers
What is the ruling to use for a LLC not want to file a late
what is the ruling to use for a LLC not want to file a late S election for 2016. the LLC does not file an extension for the S corp.… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,992 satisfied customers
I had a client who had been mis-advised by an earler tax
I had a client who had been mis-advised by an earler tax "pro" who failed to incorporate him when he formed an LLC mid 2016. I did a 2553 election with reasonable cause and filed his tax return in lat… read more
taxmanrog
taxmanrog
Master's Degree
2,954 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, MBA, CFP, CRPS
Doctoral Degree
29,992 satisfied customers
Ray I need help. I have to resubmit... Ray I need help. I
Hi Ray I need help. I have to resubmit... Hi Ray I need help. I have to resubmit Form 8832 Requesting relief for late classification. ION Management LLC Entity Formation date 12/01/2016 and the effect… read more
taxmanrog
taxmanrog
Master's Degree
2,954 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, MBA, CFP, CRPS
Doctoral Degree
29,992 satisfied customers
I bought an LLC back in May and I would like to elect to
Hi, I bought an LLC back in May and I would like to elect to file as a C Corp. I haven't filed the taxes yet not applied for a EIN account.What would be the best course of action to elect the C Corp? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
I have a single member LLC that i use to file with my
I have a single member LLC that i use to file with my personal tax return using Schedule C. I have NOT filed any information for this LLC for years because I was NOT using it. It is still considered a… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
To Taxmanrog: A taxpayer has been self-employed for years,
To Taxmanrog: A taxpayer has been self-employed for years, filing Schedule C, Form 1040, as a sole proprietor. He now wants to form an S-corporation in this New Year January 2017 but wants to make an … read more
taxmanrog
taxmanrog
Master's Degree
2,954 satisfied customers
Sole proprietor since last year (2015). Obtained new Fed Tax
Sole proprietor since last year (2015). Obtained new Fed Tax ID and Formed LLC with MINN 7/20/16 Filed 2553 to be treated as S Corp with 7/20/16 as Incorporated date. Requested and was granted new eff… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
What is the time frame to file an 8832 and 2553 single
What is the time frame to file an 8832 and 2553 for a single member LLC to be taxed as an "S" Corp. It was formed in June 2015. The tax return was filed on a Sch C for 2015. The taxpayer wants to be t… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
If an LLC elects to file as an S corp in 2013 do they have
If an LLC elects to file as an S corp in 2013 do they have to file as an S corp in 2014 or can they revert back to single member LLC for filing taxes?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
I formed a C-Corp in May 2014 but would like to change it to
I formed a C-Corp in May 2014 but would like to change it to an S-Corp. I have not filed a tax return yet. Is it still possible to make this change ?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
A calendar year small business corporation(S corp) was set
A calendar year small business corporation(S corp) was set up on July 1, 2013. But due to store construction, we had to start to operate business on November 1, 2013. We would like to be an S corporat… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,992 satisfied customers
I formed a Florida LLC, single member, in June 2011. I did
I formed a Florida LLC, single member, in June 2011. I did not file the 2553 for s-corp election but had intended to elect to be taxed as an s-corp. What can be done at this point for my 2011 taxes? I… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
I have a C corp formed in 04/2011 and did not start doing business
I have a C corp formed in 04/2011 and did not start doing business until 9/2011. I want to switch it to a S corp effective this tax year. I have not made any money yet but i have many business expense… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,360 satisfied customers
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