Get Form 8832 2008

Filling out Form 8832, also known as the entity classification election form, is essential for businesses looking to determine their federal tax classification. This guide will walk you through the online completion of this form, ensuring you have all necessary information at hand.

Follow the steps to successfully complete Form 8832 online.

1. Click the ‘Get Form’ button to obtain the form and open it in the designated editor.
2. Complete the 'Name of eligible entity' field by entering the full legal name of the entity making the election. Make sure to use the name as registered.
3. Provide the 'Employer identification number' (EIN) for the entity. This number is crucial for IRS processing, so ensure it is accurate.
4. In the 'Address' section, fill in the street address, city or town, state, and ZIP code. If it's a foreign address, follow the country's standard format.
5. Indicate whether this is an 'Address change' by checking the corresponding box, if applicable.
6. Select the type of election you are making by marking the appropriate box. This includes options such as initial classification or change in current classification.
7. Answer the questions in lines 2a and 2b regarding any previous entity elections made within the last 60 months. This helps clarify your eligibility.
8. In line 3, respond to whether the eligible entity has more than one owner. This determines the classification options available.
9. If applicable, provide the name and identifying number of the owner(s) in the next section.
10. Complete line 5 if the entity is owned by affiliated corporations, providing the name and EIN of the parent corporation.
11. Check the relevant box in line 6 to select the type of entity you wish to classify as.
12. For foreign entities, enter the country of organization in line 7.
13. Specify the effective date of the election on line 8. Ensure it complies with the timing rules stated in the instructions.
14. Fill in the contact person's name, title, and phone number for any inquiries related to the entity’s election.
15. Finally, review the consent statement and obtain signatures as required before submitting the form. Ensure all signature requirements are met.
16. After completing the form, you can save changes, download the completed document, or print it for your records.

Make sure to file your Form 8832 online to ensure a smooth processing of your federal tax classification.