How to Fill Out IRS Form 8832. Hi, I'm Priyanka Prakash, senior staff writer at Fundera. Today, I'll show you how to fill out IRS Form 8832: Entity Classification Election. This form is used whenever a business wants to opt out of default tax treatment for federal tax purposes. A common example is when a limited liability company (LLC) wants to be taxed as a C-corp. By default, a single-member LLC is taxed as a disregarded entity, and a multi-member LLC is taxed as a partnership. This means that business profits and losses passed through to the owners' personal income tax returns. However, if you correctly fill out and submit Form 8832, you can elect for the LLC to be treated as a C-corp for federal tax purposes, and the business will pay a corporate income tax. Okay, let's get started with the form. Start by providing your basic business information at the top, including your business name, address, and phone number. I'm going to provide this information for a sample business called ABC Bakery LLC. Note that you need an EIN or employer identification number before filling out and submitting Form 8832. If your business does not already have an EIN, you'll first need to apply for one using IRS Form SS-4. However, if you already have an EIN for your business, there's no need to apply for a new one now. In general, if you already have an EIN, you'll continue to use that same EIN for Form 8832 and going forward. Check off this first if you've changed your business address after filing Form SS-4 or your most recent tax return. The other two options are for late tax classification relief. When you file Form 8832, the IRS will take your date of filing as the effective date...
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8822 Form: What You Should Know
What About Form 1040, 1040A or 1040EZ? Your tax return and most of your other statements are filed to the correct address. That's the address where the IRS puts your payments and other receipts. Here's some other information to keep in mind if the IRS asks to see your home address from a previous tax return: IRS can obtain information about your current home address from the Form 8888, Return of U.S. Mail or Checked Package. Form 1040 is mailed back to you at your current address. If the IRS has your Form 1040, 1040A, 1040EZ or 1040NR Returned to You from a Previous Year, you will receive confirmation that we have received your return. For this reason, we want to make sure you are still living at your home address. Form 2555, Annual Return of Estimated Tax Payable There are several ways to change your mailing address through Form 2555, Annual Return of Estimated Tax Payable. If you received an extension, and you lived in a different state after the due date of your return The IRS will need your Social Security number to verify your address. Please contact us if you need more information. Mail the statement to the address on the Form 2555, and file the statement in two years. If your Form 2555 is from an after-the-due date return, and you live in a different state from the state where you filed your return The IRS will need your Social Security number to verify your address.
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