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Form 8832 - Entity Classification
Classify your entity’s tax status as either a corporation, partnership, or disregarded entity.
ABOUT FORM 8832
What is Form 8832 Entity Classification Election?
- Form 8832 enables eligible entities to choose federal tax classification: corporation, partnership, or disregarded entity.
- Failure to file leads to default rules based on member liability:
- If two or more members lack limited liability, default is partnership.
- If all members have limited liability, default is association taxed as corporation.
- Single owner without limited liability defaults to disregarded entity.
- LLCs or partnerships can select C-corp, partnership, or sole proprietor taxation with Form 8832.
- Form 2553 is for LLCs or corporations opting for S-corp status.
- Filing Form 2553 obviates the need for Form 8832.
Frequently asked questions
Who should file this?
When to file it?
Form 8832 should be submitted within one year prior to and up to 75 days after its intended effective date. For most LLCs aiming for the form’s effectiveness in their initial tax year, it must be filed no earlier than one year and no later than 75 days after commencing business operations.
Where do I file?
Submit Form 8832 to the Internal Revenue Service Center assigned to your state, as indicated later. Additionally, include a copy of Form 8832 with the entity’s federal tax or information return for the election tax year.
FAQS
Find answers to frequently asked questions
No, we manage all tasks remotely. You only need to provide your passport for identity verification, and we'll handle the rest by working directly with the bank to open your account.
We collaborate with our partners to offer a seamless tax filing experience for you. Through our partner, Bookmate, we offer packages tailored to your revenue and can handle filings for any entity compatible with Cfiler. As a Cfiler customer, you can enjoy an exclusive 10% discount on all Bookmate services. Federal tax returns are typically due in March or April, depending on the entity.
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