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LLC tax election

by rb303, Window Shopper

  • Created: December 26, 2009, 1:07 pm
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2 comments

I started my business as a sole member LLC in Jun 2009.

By default a single member LLC is clasified as a sole propriatorship for tax purposes.

If I decide to change the clasification to S Corporation, at what point of time I need to fill out form 8832 for 2009 Tax Year?

Tags: Discuss Popular Topics, Filing and Paying Taxes
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jbeidle | Contributor | 12/31/2009 - 2:08 pm

You may send in your election at any time. You may want to use Form 2553.
Professional Web Site: http://TaxPanningStL.com

NicoleD | Former Moderator | 12/29/2009 - 2:13 pm

Hi rb303 - I'm not familiar with that particular form, but I recommend you look on the IRS's 2010 Tax Calendar.