My wife and I have an LLC in California, that was elected as a partnership. We would like to convert it to a disregarded entity. I want to confirm that 8832 is the correct form. Also, when do I file 8832 so that the change is effective for January 1, 2017?
Will there be any tax consequences? All we want is to eliminate filing the other tax forms relating to a partnership.
Will our EIN need to change? https://www.irs.gov/businesses/small-businesses-self-employed/do-you-need-a-new-ein didn't explicitly answer my question. If a new EIN will be needed, when do I apply for one?
Other information that may be useful. We always file as a joint couple on our 1040. This LLC is for real estate.
thank you in advance.
