Get the free Form 8832 (Rev. December 2006). Entity Classification Election

Form 8832 Entity Classification Election (Rev. December 2006) OMB No. 15451516 Department of the Treasury Internal Revenue Service Name of eligible entity making election Type or Print 1 a b Employer

How to fill out form 8832 rev december

How to fill out form 8832 rev december:

1. Begin by entering the legal name of the eligible entity for which you are filing the form. This could be a partnership, corporation, or eligible foreign entity.
2. Provide the EIN (Employer Identification Number) of the eligible entity. If you do not have an EIN, you can obtain one by filling out Form SS-4.
3. Indicate the entity classification you are electing by checking the appropriate box. This form is used to determine the tax treatment of the entity, so it is important to select the correct classification.
4. If the eligible entity did not exist for the entire year, indicate the effective date in Part I. This ensures that the entity will be treated as the selected classification for the duration of its existence.
5. If the eligible entity has multiple owners or members, complete Part II to provide a detailed list. Include their names, addresses, and the percentage of ownership or interest held by each individual or entity.
6. Sign and date the form, certifying that the information provided is true and accurate to the best of your knowledge.

Who needs form 8832 rev december:

1. Any eligible entity that wants to change its tax classification status for federal tax purposes would need to file Form 8832 rev December.
2. This form is commonly used by partnerships, corporations, or eligible foreign entities that wish to be treated as a different type of entity, such as changing from a partnership to a corporation, for tax purposes.
3. It is important to note that not all entities are eligible to make this election. Only those that meet the requirements outlined in the instructions for Form 8832 can use this form.
4. It is recommended to consult with a tax professional or legal advisor before filing this form to ensure that the election is appropriate for your specific situation and to understand the potential tax implications.

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What is form 8832 rev december?

Form 8832 rev December is a tax form used by eligible entities to elect their classification for federal tax purposes.

Who is required to file form 8832 rev december?

Eligible entities such as domestic eligible entities, foreign eligible entities, or certain foreign corporations are required to file form 8832 rev December.

How to fill out form 8832 rev december?

Form 8832 rev December must be filled out with the entity's information, the requested tax classification, and signed by the appropriate authorized person.

What is the purpose of form 8832 rev december?

The purpose of form 8832 rev December is to allow eligible entities to choose their classification for federal tax purposes.

What information must be reported on form 8832 rev december?

Information such as the entity's name, address, EIN, tax classification election, and details of the authorized person must be reported on form 8832 rev December.