Wisconsin LLC, EIN and tax forms

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Subject Author Date Wisconsin LLC, EIN and tax forms dan.cardinal 01-11-2008
Posted by dan.cardinal on January 11, 2008, 3:09 pm Please log in for more thread options Hello, I created a Wisconsin LLC in 2006. I then obtained an EIN from the IRS. When I obtained the EIN I was thinking of the LLC as a partnership and therefore checked Partnership for "Type of Entity". The LLC has been dormant since inception but to keep the IRS happy I filed a Form 1065 for it with no income/expense for the 2006 tax year. I've now come to realize that the extra hassle of having the IRS tax the LLC as a Partnership is not worth it and I would rather them tax it as disregarded/sole-proprietorship. Upon reviewing the Wisconsin Articles of Organization for the LLC there is no listing of Members (there is a listing of Organizers but I don't think those are members) so it would seem to me that the easiest way to change the IRS's classification of the LLC is to fill out a Final Form 1065 using the EIN I already have for the 2007 tax year and then obtain a new EIN with a disregarded entity type for future use (thereby eliminating the IRS requirement of a Form 1065). Does that sound like a reasonable approach? I guess the main thing I'm looking to confirm is whether the state of Wisconsin needs to be notified of this change--I strongly suspect not because I don't think they even know/care who the "members" of the LLC are. I actually called the IRS about this last tax season and they said I should fax the revised articles of organization to them. However, since I see no need to revise the articles of organization (again, since no members are listed) I suspect that was incorrect advice and that it will be easier and just as legitimate to just scrap the old EIN and get a new one. Thanks in advance for any help. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted W-2 Forms forms from Employers January 31, 2007, 5:31 pm Two W2 forms February 25, 2007, 12:40 am What forms do I need ? August 28, 2007, 4:29 pm which forms should I use and what should I look out for January 21, 2008, 5:31 pm Estimated Tax Forms October 12, 2008, 12:39 pm 2007 IRS Forms And Instructions January 18, 2008, 8:00 pm FORGOT a few tax forms when filing April 12, 2006, 11:28 pm SSA database mangles on-line W2 forms January 10, 2007, 10:16 pm How do I figure tax forms with Sharebuilder stocks? February 13, 2007, 1:49 am withdrawal of contributions from a Roth - Tax Forms January 9, 2008, 10:03 pm