An HR Glossary for HR Terms

Glossary of Human Resources Management and Employee Benefit Terms

Form 8832

What is Form 8832?

Form 8832 is a document submitted to the IRS to change the default tax classification of partnerships, single-member LCCs, multiple-member LLCS, and certain types of foreign entities.

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Why Would You File Form 8832?

LLCs are automatically assigned a default tax status, but this is not always the most cost-effective tax classification. To maximize tax savings, some LLCs will file Form 8832 and request to be taxed as a sole proprietorship, partnership, C corporation, or S corporation.

Generally, Form 8832 is filed if you want your LLC to be taxed as a C corporation.

How to File Form 8832?

You can download Form 8832 on the IRS website and find the correct place to send it based on your location here.