Client set up a single member LLC in Virginia. Applied for EIN and indicated that it was a personal service corp. This all happened last year. Did not file a corp extension because I didn't know it was a corp. How do I remedy this awful situation? Any suggestions very much appreciated.

C Corporation

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If the client did not file Form 8832, he has not made a valid election to be taxed as a corporation. I would treat it as a sole proprietorship and file as such.

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Client set up a single member LLC in Virginia. Applied for EIN and indicated that it was a personal service corp. This all happened last year. Did not file a corp extension because I didn't know it was a corp. How do I remedy this awful situation? Any suggestions very much appreciated.

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Client set up a single member LLC in Virginia. Applied for EIN and indicated that it was a personal service corp. This all happened last year. Did not file a corp extension because I didn't know it was a corp. How do I remedy this awful situation? Any suggestions very much appreciated.

Tax Professional Answers

View/Select our Current List of Tax Topics

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