If an LLC w/ 2 partners which filed as a partnership (1065) in 2006 with a dissolve date as of 3/31/07 (I will file a 1065 for the P'ship from 1/1/07 thru 3/31/07) and I want to file the return for the one partner still running the company from 4/1/07 till 12/31/07 as an SMLLC, do I file a 2553 or an 8832 to make the election to be taxed as a Corporation?
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Last edited by wizbang30; 01-08-2008, 08:51 AM. -
If you want to elect to be taxed as a C corporation, use Form 8832.
If you want to elect to be taxed as an S corporation, use Form 2553. -
Thanks
I have never filed one of these elections for a SMLLC before and the instructions are clear as mud....Comment
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Then use TTB instead.
page SB2-13,
page SB2-14,• A business entity that is not a corporation can make the election
to be taxed as a corporation by filing Form 8832, Entity Classification
Election. Once the election is made, the entity can be taxed as
a C corporation, or it can elect to be taxed as an S corporation.
Clear as day.S corporations. Eligible entities that choose to be taxed as S corporations
do not need to file Form 8832. If the entity makes a valid
election to be treated as an S corporation, it is considered to have
made the election to be taxed as a corporation. See Form 2553,
Election by a Small Business Corporation, page SB3-4.Comment
Comment