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Revocation of Corporation Election Date: To:Department of the TreasuryInternal Revenue Service From:Company: EIN: Re:Revocation of Corporation Election of above-mentioned company Whom It May Concern:Notice
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How to fill out revocation of s-corporation election

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How to fill out revocation of s-corporation election

01
To fill out the revocation of S-Corporation election, follow these steps:
02
Obtain the proper form: Form 8832, Entity Classification Election.
03
Fill in the header section with the necessary information, including the name of the corporation, address, and EIN.
04
Check the box indicating that you are revoking the S-Corporation election.
05
Provide an explanation for the revocation.
06
Include the effective date of the revocation.
07
Sign and date the form.
08
Attach any required supporting documentation.
09
Submit the completed form to the IRS by mail or electronically, according to their instructions.
10
Keep a copy of the revocation for your records.
11
It is recommended to consult with a tax professional or attorney for specific guidance on filling out the revocation of S-Corporation election form.

Who needs revocation of s-corporation election?

01
Any S-Corporation that wishes to terminate its status as an S-Corporation needs a revocation of S-Corporation election.
02
This may be necessary if the corporation wants to change its tax classification, dissolve or restructure the business, or if there is a change in ownership that affects the eligibility for S-Corporation status.
03
It is important to consult with a tax professional or attorney to determine if revoking the S-Corporation election is necessary or beneficial for your specific situation.

What is Revocation of S-Corporation Election Form?

The Revocation of S-Corporation Election is a document that has to be filled-out and signed for specific needs. Next, it is provided to the relevant addressee to provide specific details of certain kinds. The completion and signing is available manually or via an appropriate solution like PDFfiller. These tools help to send in any PDF or Word file without printing them out. While doing that, you can customize it according to your requirements and put a valid e-signature. Once you're good, the user sends the Revocation of S-Corporation Election to the recipient or several ones by email or fax. PDFfiller has a feature and options that make your template printable. It provides different settings when printing out appearance. It doesn't matter how you send a form after filling it out - physically or by email - it will always look professional and organized. In order not to create a new writable document from scratch again and again, make the original form as a template. After that, you will have a rewritable sample.

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Revocation of S-Corporation election is the process by which a corporation that has elected S-Corporation status chooses to cancel that election, reverting back to being taxed as a regular corporation (C-Corporation).
The corporation itself must file the revocation, and it typically requires the consent of all shareholders to proceed with the process.
To fill out a revocation of S-Corporation election, the corporation must complete and submit a statement that includes the corporation's name, address, EIN, and a declaration of the decision to revoke the S-Corporation status, signed by all shareholders.
The purpose of revocation of S-Corporation election is to allow a corporation to change its tax treatment back to a C-Corporation for various reasons such as changes in business structure, financial issues, or shareholder decisions.
The revocation must report the corporation's name, address, EIN, the effective date of the revocation, and the signatures of all shareholders.
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