Page 17 - Incorporatoin Services
P. 17
LLC Subsequent Elections Tax Consequences in IRS
Subsequent Elections
Once an LLC has elected to Operating
change its classification, it Loss
cannot elect again to change
its classification during the 60
months after the effective date DE to C
of the election.
LEVEL LLC claiming
C 2 DE 5 Operating Losses
LEVEL
C 2 P 4 Disregarded Entity
To Corporation
LEVEL
P 2 C 3
Corporation to
Disregarded Entity
LEVEL
2
Corporation to
LEVEL
1 Partnership
Partnership to
Corporation
