SunTaxMan Posted August 4, 2009 Report Posted August 4, 2009 Why are there two forms? Why choose one over the other? Is there a requirement for one over the other? The purpose of both forms seem to be identical. What am I missing? Thanks, Quote
Karen Lee Posted August 4, 2009 Report Posted August 4, 2009 Form 2553 is the "S" election for a corporation. Form 8832 is to elect to be taxed as other than a disregarded entity. Organization wanting to be taxed as a corporation etc. Form 8832 should not be used for a corporation. This information is very abbreviated. Go to irs.gov and read the instructions for each form. Quote
kcjenkins Posted August 5, 2009 Report Posted August 5, 2009 If you look at page 2 of the 8832, item 6 at the top of the page covers all the possible entity situations, basically. It covers much more than just the sub S election. Form 2553 is specifically for those that want to elect Sub S treatment. If using it, you no longer have to use the 8832 at all. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.