Cat. No. 22598R Form 8832 Rev. 1-2012 Page 2 Type of entity see instructions c d e f A domestic eligible entity electing to be classified as an association taxable as a corporation. A foreign eligible entity electing to be classified as an association taxable as a corporation. organization Election is to be effective beginning month day year see instructions. Form Rev* January 2012 Entity Classification Election OMB No* 1545-1516 Department of the Treasury Internal Revenue Service Employer...identification number Name of eligible entity making election Type or Print Number street and room or suite no. If a P. O. box see instructions. Check if Part I City or town state and ZIP code. If a foreign address enter city province or state postal code and country. Follow the country s practice for entering the postal code. Address change Late classification relief sought under Revenue Procedure 2009-41 Relief for a late change of entity classification election sought under Revenue Procedure...2010-32 Election Information Type of election see instructions a b 2a Initial classification by a newly-formed entity. Skip lines 2a and 2b and go to line 3. Change in current classification* Go to line 2a* Has the eligible entity previously filed an entity election that had an effective date within the last 60 months Yes. Go to line 2b. No* Skip line 2b and go to line 3. 2b Was the eligible entity s prior election an initial classification election by a newly formed entity that was effective on...the date of formation No* Stop here. You generally are not currently eligible to make the election see instructions. Does the eligible entity have more than one owner Yes. You can elect to be classified as a partnership or an association taxable as a corporation* Skip line 4 and go to line 5. No* You can elect to be classified as an association taxable as a corporation or to be disregarded as a separate entity. Go to line 4. If the eligible entity has only one owner provide the following...information a Name of owner b Identifying number of owner a Name of parent corporation For Paperwork Reduction Act Notice see instructions. Name and title of contact person whom the IRS may call for more information. 10 Contact person s telephone number Consent Statement and Signature s see instructions Under penalties of perjury I we declare that I we consent to the election of the above-named entity to be classified as indicated above and that I we have examined this election and consent...statement and to the best of my our knowledge and belief this election and consent statement are true correct and complete. If I am an officer manager or member signing for the entity I further declare under penalties of perjury that I am authorized to make the election on its behalf* Signature s Date Title Page 3 Late Election Relief Provide the explanation as to why the entity classification election was not filed on time see instructions. of my our knowledge and belief the election contains...all the relevant facts relating to the election and such facts are true correct and complete.
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Instructions and Help about IRS 8832
How to edit IRS 8832
How to fill out IRS 8832
Instructions and Help about IRS 8832
How to edit IRS 8832
To edit IRS 8832, ensure you have the correct version of the form. You can complete manual edits if you are filling it in by hand or use digital tools that support PDF forms. For straightforward edits—like changes to names or addresses—ensure the alterations are clear to avoid processing delays.
How to fill out IRS 8832
To fill out IRS 8832, gather necessary information such as your entity’s name, tax identification number, and the choice being made. Follow these steps:
01
Download the IRS 8832 form from the official IRS website.
02
Provide accurate information in each section, ensuring all required fields are filled.
03
Double-check your entries for correctness before submission.
About IRS 8 previous version
What is IRS 8832?
IRS 8832 is the form used by entities to make an election to be classified as a corporation or partnership for federal tax purposes. This form allows eligible organizations to change their default classification under the IRS regulations.
Who needs the form?
Entities that need to file IRS 8832 include limited liability companies (LLCs) that want to be taxed as corporations or partnerships. Additionally, partnerships wishing to change their current tax classification also use this form. It is essential for new entities or those undergoing structural changes to consider filing IRS 8832.
Components of the form
IRS 8832 consists of multiple sections, including identification information for the entity, the type of election being made, and the reasons for the election. Each part is designed to gather specific data that will support the entity's request for a change in tax classification.
What information do you need when you file the form?
When filing IRS 8832, ensure you have the following information at hand:
01
Entity name and address.
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Employer Identification Number (EIN).
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The chosen classification for tax purposes.
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Effective date for the classification election.
Where do I send the form?
Send IRS 8832 to the address specified in the form’s instructions. The submission address may vary depending on your entity’s primary place of business and the method of delivery. Always confirm the correct address on the latest IRS instructions to ensure timely processing.
What is the purpose of this form?
The purpose of IRS 8832 is to permit eligible entities to elect their tax classification. This is particularly useful for those wanting to opt for a different tax treatment than the default under which they are classified. By submitting this form, entities can align their tax responsibilities with their operational structure.
When am I exempt from filling out this form?
You may be exempt from filing IRS 8832 if your entity qualifies for automatic classification under IRS guidelines. For example, a single-member LLC is automatically classified as a disregarded entity and may not require this form unless a change is desired.
What are the penalties for not issuing the form?
Failure to properly file IRS 8832 when required can result in significant penalties, including back taxes owed if the IRS determines the entity did not comply with appropriate tax classifications. Delay or incorrect filings may lead to additional interest charges and can complicate future tax obligations.
Is the form accompanied by other forms?
IRS 8832 does not typically require accompanying forms for its filing unless additional elections or exemptions are necessary. However, based on your entity's situation, you may need to include additional documentation to support your filing.
FAQ about IRS 8832
What should I do if I realize I made a mistake on my 2012 form 8832 after submission?
If you find an error on your submitted 2012 form 8832, you can correct it by filing an amended form. Ensure that your revised information is accurate and that you follow the IRS guidelines for amending forms. It's important to keep a copy of both the original and amended submissions for your records.
How can I verify if my 2012 form 8832 has been accepted or processed?
To track the status of your submitted 2012 form 8832, you can contact the IRS directly or check their online resources. If you filed electronically, ensure you have your confirmation number handy, as it may help expedite the inquiry process regarding your form's processing.
What privacy measures should I consider when filing the 2012 form 8832 online?
When submitting your 2012 form 8832 online, ensure that the software you use is IRS-approved and features strong data security measures, such as encryption. Additionally, be mindful of both your personal and business information shared in the form to safeguard against identity theft.
Are there any common mistakes that people make when submitting the 2012 form 8832?
Yes, some common errors when filing the 2012 form 8832 include incorrect taxpayer identification numbers and failing to sign the form. Double-checking the accuracy of all data entries can help avoid these mistakes and ensure smooth processing of your submission.
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