Roanoke is forming a task force to seek solutions to homelessness, adding to ongoing assistance efforts for people facing the ...

You can convert an LLC to an S Corp by filing IRS Form 2553 after electing corporate status with Form 8832. No need to create a new business—just follow the IRS steps carefully. Do I need to live in ...

Problems with S elections frequently cause them to be invalid when made or to terminate. This article discusses four of the ...

The IRS can legally seize your single-member limited liability company property to satisfy taxes if you have not filed IRS Form 8832 and have failed to respond to the IRS notice of overdue tax debt.

This election is made on IRS Form 8832. Functionally, the tax treatment of an LLC partnership is mostly the same as an LLC S corporation, as they are both disregarded entities. Each of the entity ...