You can use Form 8832 to elect to be taxed as a C-Corp. If you want the LLC to be taxed as an S-Corp, see Form 2553.If your business is a corporation, then it is taxed as C-Corp by default. You do not need to file Form 8832....
An Introduction to Form 2553 Form 2553 is an IRS form that business owners must submit to be taxed as an S corporation. The form also notifies the IRS of the name and details of the business and the intended effective election date. Form 2553 must be signed by all shareholders and filed...
How to Sign a PDF How to Fax Form 2553 How to Fax a Word Document What Are Some General Features and Benefits of eFax? While some other services allow you to add a signature to PDF documents, they lack the flexibility and ease that eFax provides. eFax provides consumers with the followin...
Tax Savings with IRS Form 2553 Choose S Corp election so that your LLC is treated as an S Corp for tax filing purposes. How to Form a S Corporation with Bizee in 3 Simple Steps 1. Choose Your Incorporation State Rules and regulations vary by state, so make sure you know what state y...
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In order to elect an S corporation status for tax purposes, corporations will need to file form2553 Election by a Small Business Corporation. The form must be signed by all shareholders and must be filed within two months and 15 days after the start of the initial tax year. ...
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If you file Form 2553 by March 15 of a given year, you can choose to have the election be effective as of January 1 of that year. In the year your business is formed, if you file Form 2553 within the first two months and fifteen days of the business’s existence, you can choose ...
If your LLC meets the IRS’ election criteria, you can also choose S corporation taxation by filingForm 2553, Election by a Small Business Corporation. You do not have to file Form 8832 before filing Form 2553. An LLC that has filed Form 2553 is considered to have elected classification as...
How to Set Up an S Corp To create an S corporation, a business must first beincorporated. It then must file Form 2553 with the IRS. This form is known officially as Election by a Small Business Corporation. It states that the IRS will accept the S corp status only if the business mee...