We are a flow-through LLC looking to file form 8832 to elect C-Corp classification for calendar year 2013. When exactly do we need to file this form?

ANSWER

The BIDaWIZ Team's Answer:

Generally, the window to file form 8832 and for it to be effective is 75 days prior to the date you wish to have the election be effective and not more than 12 months after the date of election is filed. There are exceptions to the rule. Today is March 28, 2013, which means the earliest effective date would be 1/12/2013, which is too late for 2013. However, you can elect for late election relief by completing Part II. You need to meet the requirements for a late election as detailed on the bottom of page 6 here of form 8832.