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I am a single member LLC started in 2018. I did not know to
I am a single member LLC started in 2018. I did not know to file 2553 for the intended S-corp status in the first year, and so submitted 2018 taxes under my personal filings, schedule C. I definitely … read more
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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
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Continuing on the same questions, the IRS decision on form 8832 filed for treating the single member LLC as disregarded entity is still pending and after adding the additional manager, we had to remov… read more
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I think two of our S-Corp revocations might be a little
I think two of our S-Corp revocations might be a little tangled up.We timely filed the revocations per Section 1362. Thanks for Just Answer help here. The revocations were approved and effective 1/1/1… read more
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We had filed for LLC as single member while filing. After
Second opinion] Hello we had filed for LLC as single member while filing. After that we have filed for FORM 8832 with IRS to elect for treating our entity as a LLC as C corp. This assessment is pendin… read more
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We had filed for LLC as single member while filing. After
Hello we had filed for LLC as single member while filing. After that we have filed for FORM 8832 with IRS to elect for treating our entity as a LLC as C corp. This assessment is pending. Now we want t… read more
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If I form a single-person LLC S-corp (using 2553 to file
If I form a single-person LLC S-corp (using 2553 to file taxes annually with a personal W-2) this week, does that LLC-ness only go into effect next tax year 2020? Or immediately, since I'm setting up … read more
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I just made the transition from LLC to S-Corp at the end of
I just made the transition from LLC to S-Corp at the end of October. I was wondering if I still have to file a cooperate return for Nov-Dec in addition to my 1040? I'm the only member of the S Corp … read more
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I'm looking to speak with a tax attorney regarding the
Hello I'm looking to speak with a tax attorney regarding the latest possible time a single member LLC is able to elect as an S-Corp rather than a C-Corp. … read more
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I am llc trying to form s corp. how to do it. With my
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taxmanrog
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Can i get a simple question answered for free? How modest? I
it earns income from other LLCs that are partnerships does this income go on schedule E or C?… read more
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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
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Morning, I have a client that has been a Single Member LLC
Morning, I have a client that has been a Single Member LLC filing a "0" Schedule C (he tells me) since 2009. He had no transactions or income during those years. However, he obtained government contra… 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
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A taxpayer established a limited liability company in 2012
A taxpayer established a limited liability company in 2012 with the state of Texas and has filed the franchise tax return. Although established as a LLC in the state of Texas, there were no revenues o… read more
Megan C
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Can you revoke an 8832, client set up another company which
Can you revoke an 8832, client set up another company which was an extension of his S corp. The company was an LLC and he filed an 8832 for it to be treated as an C corp, but it really should be owned… read more
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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
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