The IRS on Thursday released Revenue Procedure 2009-41, giving eligible entities guidance on how to obtain relief when they make a late entity classification election. The relief is available for ...

Here's how to complete Form 8832 so you can tell the IRS how to classify your business for tax purposes. Many, or all, of the products featured on this page are from our advertising partners who ...

A Limited Liability Company (LLC) can have one of several classification types for the purpose of federal tax treatment. Some LLC classification types require the members of the LLC to elect its tax ...

Lee Davis is a tech analyst who has been covering the document imaging industry for over five years. Currently, Lee is the Associate Director of Software and Scanners at Keypoint Intelligence, where ...

For federal income tax purposes an LLC, or limited liability company, is considered a disregarded entity. In effect, the LLC does not exist under the Internal Revenue Code. Despite this fact, a ...