Discussion:Sole proprietor to LLC

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Revision as of 17:06, 2 March 2006
Cpa21 (Talk | contribs)
(I have had succe)
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Pjs (Talk | contribs)
(First, do you ha)
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{{ForumReplyPost|UserID=Cpa21|Date=2 March 2006|Text=I have had success getting it back-dated under rev proc 2004-48.}} {{ForumReplyPost|UserID=Cpa21|Date=2 March 2006|Text=I have had success getting it back-dated under rev proc 2004-48.}}
 +
 +{{ForumReplyPost|UserID=Pjs|Date=3 March 2006|Text=First, do you have to type in caps?
 +
 +2nd, why would the client want to be taxed as a corp? Did he mean as a C corp, an S corp?
 +
 +Is this forum for real?
 +}}

Revision as of 01:37, 3 March 2006

Discussion Forum Index --> Tax Questions --> Sole proprietor to LLC

B-BOY (talk|edits) said:

1 March 2006
I HAVE A CLIENT WHO WENT TO AN LLC FROM SOLE PROP. ON 04-01-2005.

THE CLIENT WANTS TO BE TAXED AS A CORP, BUT FORM #8832 HAS NOT BEEN FILED. MY QUESTION(S) ARE: 

 1)FORM #8832,LINE #2(FORM OF ENTITY)- SHOULD BOX A OR BOX C BE  
   CHECKED?  I AM CONFUSED!!   
 2)FORM #8832,LINE #4 (EFF. DATE)-I FEEL THE DATE OF 04-01-2005 
   IS THE DATE TO BE SHOWN, BUT IN VIEWING THE INSTRUCTIONS, 
   THERE IS SOME DOUBT.  THEREFORE I DO NEED VERIFICATION ON THIS
   DATE.

THANKS FOR THE ANTICIPATED COOPERATION I "HOPE" TO RECEIVE.

B-BOY

PDXCPA (talk|edits) said:

1 March 2006
My 2 cents worth. You can only back date an Eff. Date by 75 days, unless you have a qualified reason to back date it further (discussed further in instructions).

Cpa21 (talk|edits) said:

2 March 2006
I have had success getting it back-dated under rev proc 2004-48.

Pjs (talk|edits) said:

3 March 2006
First, do you have to type in caps?

2nd, why would the client want to be taxed as a corp? Did he mean as a C corp, an S corp?

Is this forum for real?

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