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IRS Tax Question: If someone acquires a Texas LLC that was a
IRS Tax Question: If someone acquires a Texas LLC that was a sole proprietorship LLC, can they keep the EIN and then convert it to an S-Corp or do they need a new EIN? Please provide good IRS referenc… read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,440 satisfied customers
IRS Tax Question: Can someone buy all the shares of an S
IRS Tax Question: Can someone buy all the shares of an S Corporation for 100% ownership and keep the EIN and the Texas Taxpayer number, Entity LLC name?It looks like maybe. I see here: https://www.irs… read more
taxmanrog
taxmanrog
Master's Degree
1,352 satisfied customers
I have an LLC taxed as a S Corp that I own 100%. I will
I have an LLC taxed as a S Corp that I own 100%. I will merging it with a C Corp. So I get 33% of the C Corp (inc) and the C corp gets 100% of my company (S corp) in mid year. I would like to know does the S corp techincally terminate because of more then 50% ownership? If year, then I assume a short year return is filed. After the C Corp owns the S corp, I assume the S Corp status reverts back to C Corp. so now the C Corp owns the C Corp post exchange. I want to know does the S corp turned Corp need now to get a new EIN? … read more
PDtax
PDtax
Owner
Master's Degree
4,304 satisfied customers
Year end date choosing: May I have a question that if a
Year end date choosing:May I have a question that if a person buys a business from a unrelated third party, and will restart the same business under a c corporation, could the new c corporation use a … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,095 satisfied customers
If a person owns a corporation or an LLC both from just one
If a person owns a corporation or an LLC both from just one owner and after a certain time of operation decides to sell it, the new owner can continue using the same name and EIN under the same condit… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,285 satisfied customers
I have an S-Corp, set up in 2007 for online retail sales.
I have an S-Corp, set up in 2007 for online retail sales. I'm the sole owner & officer. I disabled the website in Feb 2016 with minimal 2016 revenue to report. Business bank account & credit cards are… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,595 satisfied customers
I have another question,referring to the question i asked
Hi!I have another question,referring to the question i asked today,please.So if my friend Sells me his company TODAY (he is the the sole owner of the S-Corporation) by selling me his 100% shares/stock… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,803 satisfied customers
I have a two member LLC that was taxed as a partnership in
I have a two member LLC that was taxed as a partnership in 2014. As of January 1 2015, one partner bought out the other. I need this now one member LLC to be taxed as a S corporation. Aside from Form … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,803 satisfied customers
I applied number as a single member LLC in Jan. 06. 2016
I applied for EIN number as a single member LLC in Jan. 06. 2016 (company formation date) for employee filing and received EIN number letter, which says both company name (XXX LLC) And my name (XXX so… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,803 satisfied customers
The company was closed in PA in 2013 and filed final tax tax
The company was closed in PA in 2013 and filed final tax tax return. The owner likes to reuse the previous EIN number and company name for new company. Actually, the PA registration status is still ac… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,595 satisfied customers
I have a S corp, when it was changed to an S corp the IRS
I have a S corp, when it was changed to an S corp the IRS issued a new EIN, some of my former customers used the old EIN last year. This resulted in two EIN numbers being used for the W-2's issued las… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,803 satisfied customers
A spouse resigned as a member of an LLC in 2013 leaving the
A spouse resigned as a member of an LLC in 2013 leaving the other spouse as the sole member of the LLC. The LLC had always filed the 1065 and issued the K-1's to both members. For 2013, the share of t… read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,440 satisfied customers
We had our S-Corp business name changed this year. Should I
We had our S-Corp business name changed this year. Should I use the old name or the new on my 2014 returns?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,803 satisfied customers
I am trying to deal with the tax situation with the issue mentioned
I am trying to deal with the tax situation with the issue mentioned below. Specifically, who is responsible for filing the tax return for the LLC cited below? In March 2014, my father-in-law started a… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,803 satisfied customers
Hi: I am a realtor. Just recently filing a new name xxxx
Hi: I am a realtor. Just recently filing a new name xxxx Inc. in June this year(this is a one person corporation), filled out the form of ARTS-GS, and completed Statement of Information. I am self-emp… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,595 satisfied customers
Good Morning, My Question...If a company changes its name
Good Morning, My Question...If a company changes it's name and keeps it's same EIN#, does the old name that it had before need to get a new EIN# XXXXX it is reinstated? If the old company name is rein… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I created a single member LLC 2 years ago. I was originally
I created a single member LLC 2 years ago. I was originally going to set it up as a multi member LLC but my future partner had a bankruptcy issue that needed to be cleared up. I added him to the busin… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,803 satisfied customers
We just purchased an existing Texas LLC that had been dormant
We just purchased an existing Texas LLC that had been dormant since Feb 2011. We were furnished with the Certificate of Filing and the Certificate of Formation from the Secretary of State's office. Th… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
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