I meant to elect corporate treatment when I formed the LLC but never filed Form 8832. Can I backdate it now?
I am in Japan and formed a U.S. LLC almost a year ago. From day one I intended to treat it like a corporation for tax planning reasons, but I later realized Form 8832 was never actually filed. We already filed records and internal books consistent with the corporate idea, but the election itself was missed.
I want to know whether the IRS allows any late relief or whether I am stuck with the default classification now.
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