Form 8832 is used to elect how an eligible entity will be classified for U.S. tax purposes. You can download Form 8832 from IRS.gov. Account holders don't need to submit Form 8832 to Stripe, but we expect that if you have made a Form 8832 election you will let Stripe know so that we can properly classify your business for U.S. tax purposes.

The classification for eligible entities are:

• A corporation
• A partnership
• An entity disregarded as separate from its owner.

An eligible entity can be organized in the U.S. or organized outside of the U.S. and is any of the following:

• A U.S. entity electing to be classified as an association taxable as a corporation.
• A U.S. entity electing to change its current classification.
• A non-U.S. entity that has more than one owner, all owners having limited liability, electing to be classified as a partnership.
• A non-U.S. entity that has at least one owner that does not have limited liability, electing to be classified as an association taxable as a corporation.
• A non-U.S. entity with a single owner having limited liability, electing to be an entity disregarded as an entity separate from its owner.
• A non-U.S. entity electing to change its current classification (even if it is currently classified under the default rule).
• Do not file Form 8832 for an eligible entity that is:
  • Tax-exempt under section 501(a);
  • A real estate investment trust (REIT), as defined in section 856; or
  • An S corporation
    • Electing to be classified as an S corporation requires Form 2553.