An eligible entity can file a Form 8832 to change their tax classification. If the entity files the election late, they may be eligible for late election relief. This example covers late election relief of a DRE to a corporation.
A "per se" corporation is a corporate entity that cannot change its tax classification. Domestic and foreign eligible entities are generally able to file Form 8832 entity classification election.
Many non-U.S. entrepreneurs are forming U.S. LLCs to open an Amazon store. The single member LLC with non-U.S. ownership can be a challenge for many business owners.
The Form 8832 is an entity classification form filed by business entities to change their default tax classification. This article discusses whether a trust is eligible to file the entity classification election.
The S corporation election is a popular choice for many small businesses. This article and video tutorial cover a sample Form 2553 "S" corporation election.
Form 8832 is an entity classification election filed by a business entity to change its default tax treatment. This article and video discuss the basics of the form and what business owners need to know before filing with the IRS.
