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I have a small business that is a self proprietorship. i am
Hello,I have a small business that is a self proprietorship. i am thinking of switching to llc, s corporation.I was wondering what the procedure is?about how long it takes?about how much it costs?Does… read more
Carter McBride
Carter McBride
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FORM 8832 FOR ELECTING TO BE A CORP instead of an llc. the
IM DOING FORM 8832 FOR ELECTING TO BE A CORP instead of an llc. the form does not specify anywhere the corp options like corp s or c... should i just fill out and send like that to IRS? and when or wh… read more
Richard
Richard
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Doctoral Degree
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What is the procedure for shifting single member LLC to S
What is the procedure for shifting single member LLC to S Corp? Can I change now as we are already in April?… read more
Barbara
Barbara
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I formed an LLC in June of 2016 and kept the classification
Hello, I formed an LLC in June of 2016 and kept the classification that the IRS had given me. I have filed tax returns for the past 2 years for my business. I am wanting to be able to stay an LLC and … read more
Alexander Efros
Alexander Efros
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I am filling out IRS form 2553 to change from sole prop to
Hello - I am filling out IRS form 2553 to change from sole prop to LLC filing as S Corp. I received my LLC EIN number March 2, 2018. I am answering Item E. Effective Date of Election. Do I use March 2… read more
Barbara
Barbara
Enrolled Agent, Paralegal
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I have a health care consultant LLC that I anticipate about
I have a health care consultant LLC that I anticipate about $150K annual earnings. I'm currently in the 37% tax bracket and would like to know if I should have my LLC taxed as an S-Corp to reduce self… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,996 satisfied customers
I was advised to change my sole prop to an S Corp to reduce
I was advised to change my sole prop to an S Corp to reduce my taxable income. I need help determining what this will involve and if an LLC would be an option? … read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
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How can i change my llc to an S-Corp? i have a construction
i have a construction business llc and want to change to an S-Corp … read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,770 satisfied customers
I would like to change our bus. from an LLC licensed in
I would like to change our bus. from an LLC licensed in Denver to a S corp in Montana because we have relocated to Mt. Can I obtain the necessary paperwork in order to do so by mail, and how difficult… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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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
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283 satisfied customers
I've been offered a consulting position with options to work
I've been offered a consulting position with options to work as a W2, Corp to Corp or 1099. Is there an advantage of working Corp to Corp vs 1099… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I made the mistake last year of using a payroll service to
I made the mistake last year of using a payroll service to pay me on payroll and just realized as a single member LLc you are not suppose to do that. This year I am going to file form 8832 to change m… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
If I would like my Sole Member LLC to be taxed as an S Corp,
Hi, If I would like my Sole Member LLC to be taxed as an S Corp, should I simply file Form 2553 to the IRS fax number (within the deadline)? Or, first do I need to elect the Corporation tax status and… read more
Megan C
Megan C
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Master's Degree
8,659 satisfied customers
looking to form some business structure; LLC, S Corp, SP? and
looking to form some business structure; LLC, S Corp, SP? and need advice. Husband (consultant) and wife (real estate broker) earning (1099's) jointly approx. $200K/yr. Looking to reduce taxes and wri… read more
Megan C
Megan C
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Have an LLC taxed as a Sole (sch C filer) that has grown and
Have an LLC taxed as a Sole (sch C filer) that has grown and now want to put it into a S-Corp. The LLC (ABC ) has it's own EIN and know that I will need to setup my S-Corp and apply for a new EIN. Dur… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
I just started an LLC as an individual. I am filing form 2553
I just started an LLC as an individual. I am filing form 2553 so that I am not a disregarded entity. After I file this form can I consider my LLC an S corp? The reason I ask is because I have to fill … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 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
425 satisfied customers
Last March my wife filed a single-member LLC. She was required
Last March my wife filed a single-member LLC. She was required to get an EIN for opening a bank account so she got one from IRS. It automatically classified her entity as "sole-proprietorship" for tax… read more
Jon Andrews
Jon Andrews
CPA
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