Hello, I am a newly-formed single member LLC, and am planning on electing s-corp status to avoid self employment tax. I know I have to file f2553, but do I need to also file f8832?
Also, since I have no employees, do I still need to fill out f940 or f941?
I understand I should be getting professional CPA advice, but wanted to hear thoughts from DP'ers first.
Thanks in advance!
@Daniel Patton you will only need to file F2553.
The other questions cannot be answered unless we know more about your business (so consult a CPA).
What type of business are you running and what are the expected net profits?