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Old 01-30-2011, 10:05 PM
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Time Frame to file 8832

I formed an LLC in October. Is there a certain time frame I have to file an 8832 to classify my LLC or is it something that I do not have to do.



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Old 01-31-2011, 01:09 PM
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“Is there a certain time frame I have to file an 8832 to classify my LLC or is it something that I do not have to do.”----> The instructions appear to mean that the election may be filed within a year before it is to be effective or within 75 days after the date it is to be effective. Thus, with a newly formed entity, this form should be filed within 75 days of the start of the fiscal year of the entity. An eligible entity is classified forfederal tax purposes under the default rules unless it files Form 8832 to elect a classification or change its current classification.



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