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LLCs—Corps, Partnership or Disregard?

Answered by: 

Question: 
How do we know what tax structure an LLC is using? The signature card is asking how the company files its taxes.
Answer: 

Yes, the question is now on many vendors signature cards and reflects the newer W-9 from the IRS. The LLC does file a 8832 which tells the IRS its tax reporting structure. You might ask for that or call the CPA or just have the customer provide the information.
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Learn more about Deborah Crawford’s webinar Business Accounts—Beyond the Basics

First published on 06/30/2019

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