Business owners must submit Form 8832 to the Internal Revenue Service (IRS) in order to modify their company’s tax classification. Can you submit Form 8832 electronically, though? Yes, you can submit Form 8832 online through the IRS’s online filing platform.
Form 8832 must be filled out using the IRS’s online fillable form before being submitted via the online filing platform if you want to file it electronically. If you haven’t done so already, you must register for an account with the IRS before completing and submitting the form. After submitting the form, you’ll get a confirmation that the IRS has received it.
Form 8832 is one of the documents that cannot be electronically signed, though. The paper version of Form 8832 must be signed by the taxpayer and mailed to the correct IRS address, according to the IRS. The person with the legal authority to sign the form on behalf of the entity must sign the paper copy.
The deadline for submitting Form 2553, which is used to choose S Corporation status, may be something you’re interested in finding out. The 15th day of the third month of the corporation’s tax year is the due date for submitting Form 2553. For the majority of businesses, this means March 15. The deadline can be different, though, if the corporation’s tax year doesn’t end on December 31.
You could also be unsure if Form 2553 should be submitted along with your tax return. Yes, you may submit Form 2553 along with your tax return. It’s crucial to keep in mind that in order to qualify for S Corporation status for the current year, Form 2553 must be submitted before the deadline.
In conclusion, you must sign and mail the physical copy of Form 8832 in addition to submitting it electronically using the IRS’s online filing system. Form 2553 must be submitted before the deadline in order to qualify for S Corporation status for the current year; however, it can also be filed with your tax return. If you have any concerns about submitting these documents or modifying your company’s tax classification, it’s always a good idea to speak with a tax expert.
Form 8832 is used to change an LLC’s tax classification, while Form 2553 is used to opt to be regarded as a S company for tax purposes. You must first confirm that your LLC satisfies the qualifying conditions before filling out Form 2553 and submitting it to the IRS. Form 2553 may be submitted electronically or by mail. It is advised to seek advice from a tax expert or accountant for help completing and submitting the form.