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BK-CPA
BK-CPA, Certified Public Accountant (CPA)
Category: Tax
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Experience:  Owner of a CPA firm
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How to find out if a company is an S or a C Corporation?

In the absence of an election, a corporation is a C-Corporation. To form an S-Corporation, you would have filed this form at some point:

http://www.irs.gov/pub/irs-pdf/f2553.pdf

A notice would have been sent from the IRS stating your S-Corporation status acceptance.

You may contact the IRS with your EIN number and ask what kind of corporation you are. The IRS would know, and they would mail you a notice, not call you. This actually sounds like a scam.

Nevertheless, corporations are required to file returns, even without income, so if you haven't filed one you need to. File a final return to relieve yourself of this requirement in the last year you conducted business (without having conducted any business, this would be the year you created the corporation). File a $0 return with the final return box on page 1 checked (Form 1120).

http://www.irs.gov/pub/irs-pdf/f1120.pdf

(2009 form as example)

Contact information for the IRS can be found here:

http://www.irs.gov/contact/index.html?navmenu=menu3

 

 

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Question

How do I find out if my company is an "S" corporation or a "C" corporation?

Submitted: 7 years ago.
Category: Tax
Expert:  BK-CPA replied 7 years ago.

In the absence of an election, a corporation is a C-Corporation. To form an S-Corporation, you would have filed this form at some point:

http://www.irs.gov/pub/irs-pdf/f2553.pdf

A notice would have been sent from the IRS stating your S-Corporation status acceptance.

You may contact the IRS with your EIN number and ask what kind of corporation you are. The IRS would know, and they would mail you a notice, not call you. This actually sounds like a scam.

Nevertheless, corporations are required to file returns, even without income, so if you haven't filed one you need to. File a final return to relieve yourself of this requirement in the last year you conducted business (without having conducted any business, this would be the year you created the corporation). File a $0 return with the final return box on page 1 checked (Form 1120).

http://www.irs.gov/pub/irs-pdf/f1120.pdf

(2009 form as example)

Contact information for the IRS can be found here:

http://www.irs.gov/contact/index.html?navmenu=menu3