We show you everything you need to know to fill out IRS Form 8832. IRS Form 8832 is used by certain companies to elect how they’d prefer to be classified for federal tax purposes. Not filling out this form means that the IRS will treat the business according to the default tax status for its entity type. There’s a lot to unpack there, which is why we created this video. For our complete guide visit: http://bit.ly/32CJaN0 Our video covers: Business information (0:58) Filing deadlines (1:51) Part 1: Election information (3:10) Item 1 (3:15) Item 2A (3:46) Item 2B (4:13) Item 3-5 (4:40) Item 6 (6:00) Item 7 (6:19) Item 8 (6:23) Item 9 (6:49) Item 10 (7:14) Part 2: Late election relief (7:46) In this video, we provide a basic overview of filling out IRS Form 8832. This video is not intended to provide legal advice or to form a professional relationship. We suggest contacting a business lawyer for advice specific to your circumstances. Subscribe to our YouTube channel for more videos on how to help your business succeed: http://bit.ly/2LhY8nb Want to discover what financial options are available for your small business? Using Fundera’s proprietary technology, you can apply for financing with over 30 different lenders with one application, at no cost whatsoever. Get started today: http://bit.ly/2vfz4lZ