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For details on the requirement to attach a copy of Form 8832 see Rev. Proc. 2009-41 and the instructions under Where To File. I we further declare that I we have personal knowledge of the facts and circumstances related to the election. I we further declare that the elements required for relief in Section 4. 01 of Revenue Procedure 2009-41 have been satisfied. Page 4 General Instructions Section references are to the Internal Revenue Code unless .

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Filing Tax Form 8832 If the entity is not required to file a return for that year, a copy of its Form 8832 must be attached to the federal tax returns of all direct or indirect owners of the entity for the tax year of the owner that includes the date on which the election took effect.

If you're happy with your default tax status, there's no need to file IRS Form 8832. This form is only for businesses that want to change their tax status. Heads up: If you want to be taxed as a corporation, you need to file articles of incorporation with your secretary of state first and then file IRS Form 8832.

If you don't use Form 8832 to make an election, the IRS will tax you based on your default entity classification, and you could end up paying more than you need to. By making the proper election, however, you may be able to save thousands of dollars every year.

File Form 8832 with the Internal Revenue Service Center for your state listed later. In addition, attach a copy of Form 8832 to the entity's federal tax or information return for the tax year of the election.

Tax form 8832 is typically used by partnerships or Limited Liability Companies (LLCs) to choose or change their tax classification. In technical terms, Form 8832 lets taxpayers elect to classify or reclassify their entity structure from one type to another.

If the entity is not required to file a return for that year, a copy of its Form 8832 must be attached to the federal tax returns of all direct or indirect owners of the entity for the tax year of the owner that includes the date on which the election took effect.

0:40 9:28 Filling out IRS Form 8832: An Easy-to-Follow Guide - YouTube YouTube Start of suggested clip End of suggested clip If you correctly fill out and submit form 8832. You can elect for the LLC to be treated as ACMoreIf you correctly fill out and submit form 8832. You can elect for the LLC to be treated as AC corporation. For federal tax purposes. And the business will pay a corporate income tax.

Can I file Form 8832 online? Unfortunately, filing form 8832 online is not an option. Faxing the form is not possible, either.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232