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Federal Tax Form 1040 Ez

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Federal Tax Form 1040 Ez

Federal tax form 1040 ez Publication 527 - Introductory Material Table of Contents Future Developments What's New Reminders IntroductionSale of main home used as rental property. Federal tax form 1040 ez Tax-free exchange of rental property occasionally used for personal purposes. Federal tax form 1040 ez Ordering forms and publications. Federal tax form 1040 ez Tax questions. Federal tax form 1040 ez Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 527, such as legislation enacted after it was published, go to www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/pub527. Federal tax form 1040 ez What's New Net Investment Income Tax (NIIT). Federal tax form 1040 ez  Beginning in 2013, you may be subject to the Net Investment Income Tax (NIIT). Federal tax form 1040 ez NIIT is a 3. Federal tax form 1040 ez 8% tax on the lesser of net investment income or the excess of modified adjusted gross income (MAGI) over the threshold amount. Federal tax form 1040 ez Net investment income may include rental income and other income from passive activities. Federal tax form 1040 ez Use Form 8960, Net Investment Income Tax, to figure this tax. Federal tax form 1040 ez For more information on NIIT, go to IRS. Federal tax form 1040 ez gov and enter “Net Investment Income Tax” in the search box. Federal tax form 1040 ez Reminders Photographs of missing children. Federal tax form 1040 ez  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Federal tax form 1040 ez Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Federal tax form 1040 ez You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Federal tax form 1040 ez Introduction Do you own a second house that you rent out all the time? Do you own a vacation home that you rent out when you or your family isn't using it? These are two common types of residential rental activities discussed in this publication. Federal tax form 1040 ez In most cases, all rental income must be reported on your tax return, but there are differences in the expenses you are allowed to deduct and in the way the rental activity is reported on your return. Federal tax form 1040 ez First, this publication will look at the rental-for-profit activity in which there is no personal use of the property. Federal tax form 1040 ez We will look at types of income and when each is reported, and at types of expenses and which are deductible. Federal tax form 1040 ez Chapter 2 discusses depreciation as it applies to your rental real estate activity—what property can be depreciated and how to figure it. Federal tax form 1040 ez Chapter 3 covers the actual reporting of your rental income and deductions, including casualties and thefts, limitations on losses, and claiming the correct amount of depreciation. Federal tax form 1040 ez Special rental situations are grouped together in chapter 4. Federal tax form 1040 ez These include condominiums, cooperatives, property changed to rental use, renting only part of your property, and a not-for-profit rental activity. Federal tax form 1040 ez Finally, in chapter 5, we will look at the rules for rental income and expenses when there is also personal use of the dwelling unit, such as a vacation home. Federal tax form 1040 ez Sale or exchange of rental property. Federal tax form 1040 ez   For information on how to figure and report any gain or loss from the sale, exchange or other disposition of your rental property, see Publication 544, Sales and Other Dispositions of Assets. Federal tax form 1040 ez Sale of main home used as rental property. Federal tax form 1040 ez   For information on how to figure and report any gain or loss from the sale or other disposition of your main home that you also used as rental property, see Publication 523, Selling Your Home. Federal tax form 1040 ez Tax-free exchange of rental property occasionally used for personal purposes. Federal tax form 1040 ez   If you meet certain qualifying use standards, you may qualify for a tax-free exchange (a like-kind or section 1031 exchange) of one piece of rental property you own for a similar piece of rental property, even if you have used the rental property for personal purposes. Federal tax form 1040 ez   For information on the qualifying use standards, see Rev. Federal tax form 1040 ez Proc. Federal tax form 1040 ez 2008–16, 2008 IRB 547, at http://www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/irb/2008-10_IRB/ar12. Federal tax form 1040 ez html . Federal tax form 1040 ez For more information on like-kind exchanges, see chapter 1 of Publication 544. Federal tax form 1040 ez Comments and suggestions. Federal tax form 1040 ez   We welcome your comments about this publication and your suggestions for future editions. Federal tax form 1040 ez   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Federal tax form 1040 ez NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Federal tax form 1040 ez Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Federal tax form 1040 ez   You can send your comments from www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/formspubs/. Federal tax form 1040 ez Click on “More Information” and then on “Comment on Tax Forms and Publications”. Federal tax form 1040 ez   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Federal tax form 1040 ez Ordering forms and publications. Federal tax form 1040 ez   Visit www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Federal tax form 1040 ez Internal Revenue Service 1201 N. Federal tax form 1040 ez Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Federal tax form 1040 ez   If you have a tax question, check the information available on IRS. Federal tax form 1040 ez gov or call 1-800-829-1040. Federal tax form 1040 ez We cannot answer tax questions sent to either of the above addresses. Federal tax form 1040 ez Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 523 Selling Your Home 534 Depreciating Property Placed in Service Before 1987 535 Business Expenses 544 Sales and Other Dispositions of Assets 547 Casualties, Disasters, and Thefts 551 Basis of Assets 925 Passive Activity and At-Risk Rules 946 How To Depreciate Property Form (and Instructions) 4562 Depreciation and Amortization 5213 Election To Postpone Determination as To Whether the Presumption Applies That an Activity Is Engaged in for Profit 8582 Passive Activity Loss Limitations Schedule E (Form 1040) Supplemental Income and Loss   See chapter 6, How To Get Tax Help for information about getting these publications and forms. Federal tax form 1040 ez Prev  Up  Next   Home   More Online Publications
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The Federal Tax Form 1040 Ez

Federal tax form 1040 ez Publication 3402 - Main Content Table of Contents What is a Limited Liability Company? Classification of an LLC LLCs Classified as Partnerships LLCs Classified as Disregarded Entities LLCs Classified as Corporations Subsequent Elections How To Get More InformationInternal Revenue Service Small Business Administration Other Federal Agencies What is a Limited Liability Company? For purposes of this publication, a limited liability company (LLC) is a business entity organized in the United States under state law. Federal tax form 1040 ez Unlike a partnership, all of the members of an LLC have limited personal liability for its debts. Federal tax form 1040 ez An LLC may be classified for federal income tax purposes as a partnership, corporation, or an entity disregarded as separate from its owner by applying the rules in Regulations section 301. Federal tax form 1040 ez 7701-3. Federal tax form 1040 ez The information in this publication applies to LLCs in general, and different rules may apply to special situations, including banks, insurance companies, or nonprofit organizations that are LLCs or that own LLCs. Federal tax form 1040 ez Check your state's requirements and the federal tax regulations for further information. Federal tax form 1040 ez Classification of an LLC Default classification rules. Federal tax form 1040 ez   An LLC with at least two members is classified as a partnership for federal income tax purposes. Federal tax form 1040 ez An LLC with only one member is treated as an entity disregarded as separate from its owner for income tax purposes (but as a separate entity for purposes of employment tax and certain excise taxes). Federal tax form 1040 ez Also, an LLC's federal tax classification can subsequently change under certain default rules discussed later. Federal tax form 1040 ez Elected classification. Federal tax form 1040 ez   If an LLC does not choose to be classified under the above default classifications, it can elect to be classified as an association taxable as a corporation or as an S corporation. Federal tax form 1040 ez After an LLC has determined its federal tax classification, it can later elect to change that classification. Federal tax form 1040 ez For details, see Subsequent Elections, later. Federal tax form 1040 ez LLCs Classified as Partnerships If an LLC has at least two members and is classified as a partnership, it generally must file Form 1065, U. Federal tax form 1040 ez S. Federal tax form 1040 ez Return of Partnership Income. Federal tax form 1040 ez Generally, an LLC classified as a partnership is subject to the same filing and reporting requirements as partnerships. Federal tax form 1040 ez For certain purposes, members of an LLC are treated as limited partners in a limited partnership. Federal tax form 1040 ez For example, LLC members are treated as limited partners for purposes of material participation under the passive activity limitation rules (see Temporary Regulation section 1. Federal tax form 1040 ez 469-5T(e)). Federal tax form 1040 ez See the Instructions for Form 1065 for reporting rules that apply specifically to LLCs. Federal tax form 1040 ez Member manager. Federal tax form 1040 ez   Only a member manager of an LLC can sign the partnership tax return. Federal tax form 1040 ez And only a member manager can represent the LLC as the tax matters partner under the consolidated audit proceedings in sections 6221 through 6234. Federal tax form 1040 ez A member manager is any owner of an interest in the LLC who, alone or together with others, has the continuing authority to make the management decisions necessary to conduct the business for which the LLC was formed. Federal tax form 1040 ez If there are no elected or designated member managers, each owner is treated as a member manager. Federal tax form 1040 ez Change in default classification. Federal tax form 1040 ez   If the number of members in an LLC classified as a partnership is reduced to only one member, it becomes an entity disregarded as separate from its owner under Regulations section 301. Federal tax form 1040 ez 7701-3(f)(2). Federal tax form 1040 ez However, if the LLC has made an election to be classified as a corporation (discussed later) and that elective classification is in effect at the time of the change in membership, the default classification as a disregarded entity will not apply. Federal tax form 1040 ez   Other tax consequences of a change in membership, such as recognition of gain or loss, are determined by the transactions through which an interest in the LLC is acquired or disposed of. Federal tax form 1040 ez If a partnership that becomes a disregarded entity as a result of a decrease in the number of members makes an election to be classified as a corporation, the applicable deemed transactions discussed under Subsequent Elections, later, apply. Federal tax form 1040 ez Example 1. Federal tax form 1040 ez Ethel and Francis are members of an LLC classified as a partnership for federal tax purposes. Federal tax form 1040 ez Each holds an equal membership interest. Federal tax form 1040 ez The LLC does not hold any unrealized receivables or substantially appreciated inventory. Federal tax form 1040 ez Ethel sells her entire interest in the LLC to Francis for $10,000. Federal tax form 1040 ez After the sale, the business is continued by the LLC, which is owned solely by Francis. Federal tax form 1040 ez No entity classification election is made after the sale to treat the LLC as a corporation for federal tax purposes. Federal tax form 1040 ez The partnership terminates when Francis buys Ethel's entire interest. Federal tax form 1040 ez Ethel must treat the transaction as the sale of a partnership interest and must report gain or loss, if any, resulting from the sale of her partnership interest. Federal tax form 1040 ez For purposes of determining the tax treatment of Francis, the partnership is deemed to make a liquidating distribution of all of its assets to Ethel and Francis, and after this distribution, Francis is treated as acquiring the assets deemed to have been distributed to Ethel in liquidation of Ethel's partnership interest. Federal tax form 1040 ez Francis's basis in the assets attributable to Ethel's one-half interest in the partnership is $10,000, the purchase price for Ethel's partnership interest. Federal tax form 1040 ez Upon the termination of the partnership, Francis is considered to receive a distribution of those assets attributable to Francis's former interest in the partnership. Federal tax form 1040 ez Francis must recognize gain or loss, if any, on the deemed distribution of the assets to the extent required by Internal Revenue Code section 731(a). Federal tax form 1040 ez See Partnership Distributions in Publication 541. Federal tax form 1040 ez Example 2. Federal tax form 1040 ez George and Henrietta are members of an LLC classified as a partnership for federal tax purposes. Federal tax form 1040 ez Each holds an equal membership interest. Federal tax form 1040 ez The LLC does not hold any unrealized receivables or substantially appreciated inventory. Federal tax form 1040 ez George and Henrietta each sell their entire interests in the LLC to Ian, an unrelated person, in exchange for $10,000. Federal tax form 1040 ez After the sale, the business is continued by the LLC, which is owned solely by Ian. Federal tax form 1040 ez No entity classification election is made after the sale to treat the LLC as a corporation for federal tax purposes. Federal tax form 1040 ez The partnership terminates when Ian purchases the entire interests of George and Henrietta in the LLC. Federal tax form 1040 ez George and Henrietta must report gain or loss, if any, resulting from the sale of their partnership interests. Federal tax form 1040 ez For purposes of classifying the acquisition by Ian, the partnership is deemed to make a liquidating distribution of its assets to George and Henrietta. Federal tax form 1040 ez Immediately following this distribution, Ian is deemed to acquire, by purchase, all of the former partnership's assets. Federal tax form 1040 ez   For more details on the preceding two examples, see Revenue Ruling 99-6, 1999-6 I. Federal tax form 1040 ez R. Federal tax form 1040 ez B. Federal tax form 1040 ez 6. Federal tax form 1040 ez You can find Revenue Ruling 99-6 at www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/pub/irs-irbs/irb99-06. Federal tax form 1040 ez pdf. Federal tax form 1040 ez LLCs Classified as Disregarded Entities If an LLC has only one member and is classified as an entity disregarded as separate from its owner, its income, deductions, gains, losses, and credits are reported on the owner's income tax return. Federal tax form 1040 ez For example, if the owner of the LLC is an individual, the LLC's income and expenses would be reported on the following schedules filed with the owner's Form 1040: Schedule C, Profit or Loss from Business (Sole Proprietorship); Schedule C-EZ, Net Profit From Business (Sole Proprietorship); Schedule E, Supplemental Income and Loss; or Schedule F, Profit or Loss From Farming. Federal tax form 1040 ez Employment tax and certain excise taxes. Federal tax form 1040 ez   A single-member LLC that is classified as a disregarded entity for income tax purposes is treated as a separate entity for purposes of employment tax and certain excise taxes. Federal tax form 1040 ez For wages paid after January 1, 2009, the single-member LLC is required to use its name and employer identification number (EIN) for reporting and payment of employment taxes. Federal tax form 1040 ez A single-member LLC is also required to use its name and EIN to register for excise tax activities on Form 637; pay and report excise taxes reported on Forms 720, 730, 2290, and 11-C; and claim any refunds, credits, and payments on Form 8849. Federal tax form 1040 ez See the employment and excise tax returns for more information. Federal tax form 1040 ez Self-employment tax rule for disregarded entity LLCs. Federal tax form 1040 ez   An individual owner of a single-member LLC classified as a disregarded entity is not an employee of the LLC. Federal tax form 1040 ez Instead, the owner is subject to tax on the net earnings from self-employment of the LLC which is treated in the same manner as a sole-proprietorship. Federal tax form 1040 ez Example 3. Federal tax form 1040 ez LLC is a disregarded entity owned by Irene. Federal tax form 1040 ez LLC has three employees (Kent, Patricia, and Tex) and pays wages. Federal tax form 1040 ez LLC is treated as an entity separate from its owner for purposes of employment taxes. Federal tax form 1040 ez For the wages paid to Kent, Patricia, and Tex, LLC is liable for income tax withholding, Federal Insurance Contributions Act (FICA) taxes, and Federal Unemployment Tax Act (FUTA) taxes. Federal tax form 1040 ez In addition, LLC must file under its name and EIN the applicable employment tax returns; make timely employment tax deposits; and file with the Social Security Administration and furnish to LLC's employees (Kent, Patricia, and Tex) Forms W-2, Wage and Tax Statement. Federal tax form 1040 ez Irene is self-employed for purposes of the self-employment tax. Federal tax form 1040 ez Thus, Irene is subject to self-employment tax on her net earnings from self-employment with respect to LLC's activities. Federal tax form 1040 ez Irene is not an employee of LLC for purposes of employment taxes. Federal tax form 1040 ez Because LLC is treated as a sole proprietorship of Irene for income tax purposes, Irene must report the income and expenses from LLC on her Schedule C. Federal tax form 1040 ez Irene will figure the tax due on her net earnings from self-employment on Schedule SE. Federal tax form 1040 ez Irene can also deduct one-half of her self-employment tax on line 27 of her Form 1040. Federal tax form 1040 ez Taxpayer identification number. Federal tax form 1040 ez   For all income tax purposes, a single-member LLC classified as a disregarded entity must use the owner's social security number (SSN) or EIN. Federal tax form 1040 ez This includes all information returns and reporting related to income tax. Federal tax form 1040 ez For example, if a disregarded entity LLC that is owned by an individual is required to provide a Form W-9, Request for Taxpayer Identification Number and Certification, the LLC must provide the owner's SSN or EIN, not the LLC's EIN. Federal tax form 1040 ez   However, most new single-member LLCs classified as a disregarded entity will need to obtain an EIN for the LLC. Federal tax form 1040 ez An LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed above (see Employment tax and certain excise taxes earlier). Federal tax form 1040 ez See Form SS-4, Application for Employer Identification Number, for information on applying for an EIN. Federal tax form 1040 ez Change in default classification. Federal tax form 1040 ez   If a single-member LLC classified as a disregarded entity for income tax purposes acquires an additional member, it becomes a partnership under Regulations section 301. Federal tax form 1040 ez 7701-3(f)(2). Federal tax form 1040 ez However, if the LLC has made an election to be classified as a corporation (discussed later) and that elective classification is in effect at the time of the change in membership, the default classification as a partnership will not apply. Federal tax form 1040 ez   Other tax consequences of a change in membership, such as recognition of gain or loss, are determined by the transactions through which an interest in the LLC is acquired or disposed of. Federal tax form 1040 ez If a disregarded entity that becomes a partnership as a result of an increase in the number of members makes an election to be classified as a corporation, the applicable deemed transactions discussed in Subsequent Elections, later, apply. Federal tax form 1040 ez Example 4. Federal tax form 1040 ez Bart, who is not related to Alain, buys 50% of Alain's interest in an LLC that is a disregarded entity for $5,000. Federal tax form 1040 ez Alain does not contribute any portion of the $5,000 to the LLC. Federal tax form 1040 ez Alain and Bart continue to operate the business of the LLC as co-owners of the LLC. Federal tax form 1040 ez The LLC is converted to a partnership when the new member, Bart, buys an interest in the disregarded entity from the owner, Alain. Federal tax form 1040 ez Bart's buying a 50% interest in Alain's ownership interest in the LLC is treated as Bart's buying a 50% interest in each of the LLC's assets, which are treated as owned directly by Alain for federal income tax purposes. Federal tax form 1040 ez Immediately thereafter, Alain and Bart are treated as contributing their respective interests in those assets to a partnership in exchange for ownership interests in the partnership. Federal tax form 1040 ez Alain recognizes gain or loss from the deemed sale to Bart of the 50% interest in the assets. Federal tax form 1040 ez Neither Alain nor Bart recognizes any gain or loss as a result of the deemed contribution of the assets to the partnership. Federal tax form 1040 ez Example 5. Federal tax form 1040 ez Charles, who is not related to Danielle, contributes $10,000 to an LLC owned by Danielle for a 50% ownership interest in the LLC. Federal tax form 1040 ez The LLC uses all of the contributed cash in its business. Federal tax form 1040 ez Charles and Danielle continue to operate the business of the LLC as co-owners of the LLC. Federal tax form 1040 ez The LLC is converted from a disregarded entity to a partnership when Charles contributes cash to the LLC. Federal tax form 1040 ez Charles's contribution is treated as a contribution to a partnership in exchange for an ownership interest in the partnership. Federal tax form 1040 ez Danielle is treated as contributing all of the assets of the LLC to the partnership in exchange for a partnership interest. Federal tax form 1040 ez Neither Charles nor Danielle recognizes gain or loss as a result of the conversion of the disregarded entity to a partnership. Federal tax form 1040 ez   For more details on the preceding two examples, see Revenue Ruling 99-5, 1999-6 I. Federal tax form 1040 ez R. Federal tax form 1040 ez B. Federal tax form 1040 ez 8. Federal tax form 1040 ez You can find Revenue Ruling 99-5 at www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/pub/irs-irbs/irb99-06. Federal tax form 1040 ez pdf. Federal tax form 1040 ez LLCs Classified as Corporations An LLC with either a single member or more than one member can elect to be classified as a corporation rather than be classified as a partnership or disregarded entity under the default rules discussed earlier. Federal tax form 1040 ez File Form 8832, Entity Classification Election, to elect classification as a C corporation. Federal tax form 1040 ez File Form 2553, Election by a Small Business Corporation, to elect classification as an S corporation. Federal tax form 1040 ez LLCs electing classification as an S corporation are not required to file Form 8832 to elect classification as a corporation before filing Form 2553. Federal tax form 1040 ez By filing Form 2553, an LLC is deemed to have elected classification as a corporation in addition to the S corporation classification. Federal tax form 1040 ez If the LLC elects to be classified as a corporation by filing Form 8832, a copy of the LLC's Form 8832 must be attached to the federal income tax return of each direct and indirect owner of the LLC for the tax year of the owner that includes the date on which the election took effect. Federal tax form 1040 ez Example 6. Federal tax form 1040 ez Classification as a corporation without an S election. Federal tax form 1040 ez Wanda and Sylvester are members of an LLC. Federal tax form 1040 ez They agree that the LLC should be classified as a corporation but do not want to elect to have the LLC be treated as an S corporation. Federal tax form 1040 ez The LLC must file Form 8832. Federal tax form 1040 ez Example 7. Federal tax form 1040 ez Classification as a corporation with an S election. Federal tax form 1040 ez Evelyn and Carol are members of an LLC. Federal tax form 1040 ez They agree that the LLC should be classified as an S corporation. Federal tax form 1040 ez The LLC must file Form 2553 instead of Form 8832. Federal tax form 1040 ez If the LLC is classified as a corporation, it must file a corporation income tax return. Federal tax form 1040 ez If it is a C corporation, it is taxed on its taxable income and distributions to the members are includible in the members' gross income to the extent of the corporation's earnings and profits (double taxation). Federal tax form 1040 ez If it is an S corporation, the corporation is generally not subject to any income tax and the income, deductions, gains, losses, and credits of the corporation “pass through” to the members. Federal tax form 1040 ez Corporations generally file either: Form 1120, U. Federal tax form 1040 ez S. Federal tax form 1040 ez Corporation Income Tax Return; or Form 1120S, U. Federal tax form 1040 ez S. Federal tax form 1040 ez Income Tax Return for an S Corporation. Federal tax form 1040 ez For more information on the income taxation of corporations and their shareholders, see Publication 542, Corporations. Federal tax form 1040 ez For more information on the income taxation of S corporations and their shareholders, see the Instructions for Form 1120S, U. Federal tax form 1040 ez S. Federal tax form 1040 ez Income Tax Return for an S Corporation. Federal tax form 1040 ez Subsequent Elections An LLC can elect to change its classification. Federal tax form 1040 ez Generally, once an LLC has elected to change its classification, it cannot elect again to change it classification during the 60 months after the effective date of the election. Federal tax form 1040 ez An election by a newly formed LLC that is effective on the date of formation is not considered a change for purposes of this limitation. Federal tax form 1040 ez For more information and exceptions, see Regulations section 301. Federal tax form 1040 ez 7701-3(c) and the Form 8832 instructions. Federal tax form 1040 ez An election to change classification can have significant tax consequences based on the following transactions that are deemed to occur as a result of the election. Federal tax form 1040 ez Partnership to corporation. Federal tax form 1040 ez   An election to change classification from a partnership to a corporation will be treated as if the partnership contributed all of its assets and liabilities to the corporation in exchange for stock and the partnership then immediately liquidated by distributing the stock to its partners. Federal tax form 1040 ez   For more information, see Partnership Distributions in Publication 541 and Property Exchanged for Stock in Publication 542. Federal tax form 1040 ez Corporation to partnership. Federal tax form 1040 ez   An election to change classification from a corporation to a partnership will be treated as if the corporation distributed all of its assets and liabilities to its shareholders in liquidation and the shareholders then immediately contributed all of the distributed assets and liabilities to a new partnership. Federal tax form 1040 ez   For more information, see Contribution of Property in Publication 541 and Distributions to Shareholders in Publication 542. Federal tax form 1040 ez Corporation to disregarded entity. Federal tax form 1040 ez   An election to change classification from a corporation to a disregarded entity will be treated as if the corporation distributed all of its assets and liabilities to its single owner in liquidation. Federal tax form 1040 ez   For more information, see Distributions to Shareholders in Publication 542. Federal tax form 1040 ez Disregarded entity to corporation. Federal tax form 1040 ez   An election to change classification from a disregarded entity to a corporation will be treated as if the owner of the disregarded entity contributed all of the assets and liabilities to the corporation in exchange for stock. Federal tax form 1040 ez   For more information, see Property Exchanged for Stock in Publication 542. Federal tax form 1040 ez How To Get More Information This section describes the help the IRS and other federal agencies offer to taxpayers who operate their own businesses. Federal tax form 1040 ez Internal Revenue Service You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. Federal tax form 1040 ez By selecting the method that is best for you, you will have quick and easy access to tax help. Federal tax form 1040 ez Contacting your Taxpayer Advocate. Federal tax form 1040 ez   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. Federal tax form 1040 ez   You can contact the TAS by calling the TAS toll-free case intake line at 1-877-777-4778 or TTY/TDD 1-800-829-4059 to see if you are eligible for assistance. Federal tax form 1040 ez You can also call or write to your local taxpayer advocate, whose phone number and address are listed in your local telephone directory and in Publication 1546, Taxpayer Advocate Service — Your Voice at the IRS. Federal tax form 1040 ez You can file Form 911, Request for Taxpayer Advocate Service Assistance (And Application for Taxpayer Assistance Order), or ask an IRS employee to complete it on your behalf. Federal tax form 1040 ez For more information, go to www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/advocate. Federal tax form 1040 ez Low Income Taxpayer Clinics (LITCs). Federal tax form 1040 ez   LITCs are independent organizations that provide low income taxpayers with representation in federal tax controversies with the IRS for free or for a nominal charge. Federal tax form 1040 ez The clinics also provide tax education and outreach for taxpayers with limited English proficiency or who speak English as a second language. Federal tax form 1040 ez Publication 4134, Low Income Taxpayer Clinic List, provides information on clinics in your area. Federal tax form 1040 ez It is available at www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov or at your local IRS office. Federal tax form 1040 ez Small business workshops. Federal tax form 1040 ez   Small business workshops are designed to help the small business owner understand and fulfill their federal tax responsibilities. Federal tax form 1040 ez Workshops are sponsored and presented by IRS partners who are federal tax specialists. Federal tax form 1040 ez Workshop topics vary from a general overview of taxes to more specific topics such as recordkeeping and retirement plans. Federal tax form 1040 ez Although most are free, some workshops have fees associated with them. Federal tax form 1040 ez Any fees charged for a workshop are paid to the sponsoring organization, not the IRS. Federal tax form 1040 ez   For more information, visit www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/businesses/small. Federal tax form 1040 ez Subscribe to e-news for small businesses. Federal tax form 1040 ez   Join the e-News for Small Businesses mailing list to receive updates, reminders, and other information useful to small business owners and self employed individuals. Federal tax form 1040 ez Visit the website at www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/businesses/small and click on “Subscribe to e-News. Federal tax form 1040 ez ” Free tax services. Federal tax form 1040 ez   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. Federal tax form 1040 ez It contains a list of free tax publications and describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. Federal tax form 1040 ez   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. Federal tax form 1040 ez Internet. Federal tax form 1040 ez You can access the IRS website at www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov 24 hours a day, 7 days a week, to: E-file your return. Federal tax form 1040 ez Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Federal tax form 1040 ez Check the status of your refund. Federal tax form 1040 ez Go to www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov and click on Where's My Refund. Federal tax form 1040 ez Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Federal tax form 1040 ez If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Federal tax form 1040 ez Have your tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Federal tax form 1040 ez Download forms, instructions, and publications. Federal tax form 1040 ez Order IRS products online. Federal tax form 1040 ez Research your tax questions online. Federal tax form 1040 ez Search publications online by topic or keyword. Federal tax form 1040 ez View Internal Revenue Bulletins (IRBs) published in the last few years. Federal tax form 1040 ez Figure your withholding allowances using the withholding calculator online at www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/individuals. Federal tax form 1040 ez Determine if Form 6251 must be filed using our Alternative Minimum Tax (AMT) Assistant. Federal tax form 1040 ez Sign up to receive local and national tax news by email. Federal tax form 1040 ez Get information on starting and operating a small business. Federal tax form 1040 ez Phone. Federal tax form 1040 ez Many services are available by phone. Federal tax form 1040 ez Ordering forms, instructions, and publications. Federal tax form 1040 ez Call 1-800-829-3676 to order current-year forms, instructions, and publications, and prior-year forms and instructions. Federal tax form 1040 ez You should receive your order within 10 days. Federal tax form 1040 ez Asking tax questions. Federal tax form 1040 ez Call the IRS with your tax questions at 1-800-829-1040. Federal tax form 1040 ez Solving problems. Federal tax form 1040 ez You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. Federal tax form 1040 ez An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Federal tax form 1040 ez Call your local Taxpayer Assistance Center for an appointment. Federal tax form 1040 ez To find the number, go to www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Federal tax form 1040 ez TTY/TDD equipment. Federal tax form 1040 ez If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. Federal tax form 1040 ez TeleTax topics. Federal tax form 1040 ez Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. Federal tax form 1040 ez Refund information. Federal tax form 1040 ez To check the status of your 2009 refund, call 1-800-829-1954 during business hours or 1-800-829-4477 (automated refund information 24 hours a day, 7 days a week). Federal tax form 1040 ez Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Federal tax form 1040 ez If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Federal tax form 1040 ez Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Federal tax form 1040 ez Refunds are sent out weekly on Fridays. Federal tax form 1040 ez If you check the status of your refund and are not given the date it will be issued, please wait until the next week before checking back. Federal tax form 1040 ez Evaluating the quality of our telephone services. Federal tax form 1040 ez To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. Federal tax form 1040 ez One method is for a second IRS representative to listen in on or record random telephone calls. Federal tax form 1040 ez Another is to ask some callers to complete a short survey at the end of the call. Federal tax form 1040 ez Walk-in. Federal tax form 1040 ez Many products and services are available on a walk-in basis. Federal tax form 1040 ez Products. Federal tax form 1040 ez You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Federal tax form 1040 ez Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD or photocopy from reproducible proofs. Federal tax form 1040 ez Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Federal tax form 1040 ez Services. Federal tax form 1040 ez You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. Federal tax form 1040 ez An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Federal tax form 1040 ez If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. Federal tax form 1040 ez No appointment is necessary—just walk in. Federal tax form 1040 ez If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. Federal tax form 1040 ez A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. Federal tax form 1040 ez If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested. Federal tax form 1040 ez All other issues will be handled without an appointment. Federal tax form 1040 ez To find the number of your local office, go to www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Federal tax form 1040 ez Mail. Federal tax form 1040 ez You can send your order for forms, instructions, and publications to the address below. Federal tax form 1040 ez You should receive a response within 10 days after your request is received. Federal tax form 1040 ez Internal Revenue Service1201 N. Federal tax form 1040 ez Mitsubishi MotorwayBloomington, IL 61705–6613 DVD for tax products. Federal tax form 1040 ez You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. Federal tax form 1040 ez Prior-year forms, instructions, and publications. Federal tax form 1040 ez Tax Map: an electronic research tool and finding aid. Federal tax form 1040 ez Tax law frequently asked questions. Federal tax form 1040 ez Tax Topics from the IRS telephone response system. Federal tax form 1040 ez Internal Revenue Code—Title 26 of the U. Federal tax form 1040 ez S. Federal tax form 1040 ez Code. Federal tax form 1040 ez Fill-in, print, and save features for most tax forms. Federal tax form 1040 ez Internal Revenue Bulletins. Federal tax form 1040 ez Toll-free and email technical support. Federal tax form 1040 ez Two releases during the year. Federal tax form 1040 ez – The first release will ship the beginning of January. Federal tax form 1040 ez – The final release will ship the beginning of March. Federal tax form 1040 ez Purchase the DVD from National Technical Information Service (NTIS) at www. Federal tax form 1040 ez irs. Federal tax form 1040 ez gov/cdorders for $30 (no handling fee) or call 1-877-CDFORMS (1-877-233-6767) toll free to buy the DVD for $30 (plus a $6 handling fee). Federal tax form 1040 ez Small Business Administration The Small Business Administration (SBA) offers training and educational programs, counseling services, financial programs, and contract assistance for small business owners. Federal tax form 1040 ez The SBA also has publications and videos on a variety of business topics. Federal tax form 1040 ez The following briefly describes assistance provided by the SBA. Federal tax form 1040 ez Small Business Development Centers (SBDCs). Federal tax form 1040 ez   SBDCs provide counseling, training, and technical services to current and prospective small business owners who cannot afford the services of a private consultant. Federal tax form 1040 ez Help is available when beginning, improving, or expanding a small business. Federal tax form 1040 ez Business Information Centers (BICs). Federal tax form 1040 ez   BICs offer a small business reference library, management video tapes, and computer technology to help plan a business. Federal tax form 1040 ez BICs also offer one-on-one assistance. Federal tax form 1040 ez Individuals who are in business or are interested in starting a business can use BICs as often as they wish at no charge. Federal tax form 1040 ez Service Corps of Retired Executives (SCORE). Federal tax form 1040 ez   SCORE provides small business counseling and training to current and prospective small business owners. Federal tax form 1040 ez SCORE is made up of current and former business people who offer their expertise and knowledge to help people start, manage, and expand a small business. Federal tax form 1040 ez SCORE also offers a variety of small business workshops. Federal tax form 1040 ez    Internet. Federal tax form 1040 ez You can visit the SBA website at www. Federal tax form 1040 ez sba. Federal tax form 1040 ez gov. Federal tax form 1040 ez While visiting the SBA website, you can find a variety of information of interest to small business owners. Federal tax form 1040 ez    Phone. Federal tax form 1040 ez Call the SBA Answer Desk at 1-800-UASK-SBA (1-800-827-5722) for general information about programs available to assist small business owners. Federal tax form 1040 ez    Walk-in. Federal tax form 1040 ez You can walk in to a Small Business Development Center or Business Information Center to request assistance with your small business. Federal tax form 1040 ez To find the location nearest you, visit the SBA website or call the SBA Answer Desk. Federal tax form 1040 ez Other Federal Agencies Other federal agencies also publish publications and pamphlets to assist small businesses. Federal tax form 1040 ez Most of these are available from the Superintendent of Documents at the Government Printing Office. Federal tax form 1040 ez You can get information and order these publications and pamphlets in several ways. Federal tax form 1040 ez Internet. Federal tax form 1040 ez You can visit the GPO website at www. Federal tax form 1040 ez access. Federal tax form 1040 ez gpo. Federal tax form 1040 ez gov. Federal tax form 1040 ez Mail. Federal tax form 1040 ez Write to the GPO at the following address. Federal tax form 1040 ez Superintendent of DocumentsU. Federal tax form 1040 ez S. Federal tax form 1040 ez Government Printing OfficeP. Federal tax form 1040 ez O. Federal tax form 1040 ez Box 979050St. Federal tax form 1040 ez Louis, MO 63917-9000 Phone. Federal tax form 1040 ez Call the GPO toll-free at 1-866-512-1800 or at 202-512-1800 from the Washington, DC area. Federal tax form 1040 ez Prev  Up  Next   Home   More Online Publications