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FAQ

Can a single-member LLC (by default, a disregarded entity) elect to be taxed as a corporation via IRS Form 8832?
Can a single-member LLC (by default, a disregarded entity) elect to be taxed as a corporation via IRS Form 8832? Should Late Election Relief under IRS Form 8832 still be sought if the entity is only making an initial classification, and not a change in the current classification? Tax Law: May a single member LLC use Form 1065 and Schedule K-1 instead of Schedule C? I formed an LLC for my side business on Amazon. I am not planning to take salary for myself from this company. Do I need to file form 2553 or 8832 with the IRS? If so what are the benefits of filing? How does an LLC go about getting taxed as a S-Corporation? I'll make about $6000 this year as an independent contractor. How do I pay taxes on this? (USA)? How do I do my tax return for losses from a foreign company I invested in? Is a single-owner LLC "acting" as a multi-owner LLC taxed as a single-owner or multi-owner entity? How do you fill out Form 8832 for an LLC?