What is Form 8832?
Form 8832 is the IRS Entity Classification Election form used by eligible business entities to elect their federal tax classification. The form enables businesses to select their classification as a C Corporation, a Partnership, or a disregarded entity. Businesses can file Late C Corporation elections under Revenue Procedures 2009-41 and 2010-32 when they missed the initial filing deadline. The form requires entity information, the election effective date, and a reasonable cause explanation for late filings.
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