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Tax Question.... I have a tax client that I generated a
Tax Question.... I have a tax client that I generated a corporation for his business as an LLC. What happen is that he got a letter from the IRS saying that he did not file the appropriate forms in ti… read more
taxmanrog
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I'm switching my C corp to an S corp on advise of my CPA. I'm completing the IRS form 2553 but need to know which boxes to check on page 3 to make it effective for this tax year … read more
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I had a client who had been mis-advised by an earler tax "pro" who failed to incorporate him when he formed an LLC mid 2016. I did a 2553 election with reasonable cause and filed his tax return in lat… read more
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I have received a 6699(a)(1) penalty, for 2014. I filed an
I have received a 6699(a)(1) penalty, for 2014. I filed an valid extension before 3/15/2015. I thought that I filed an tax return, but I remember wrong. … read more
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Is there an abatement for failure to timely file Form 1065
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Mark Taylor
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I have a small company and have been making about 135 k per
I have a small company and have been making about 135 k per year profit. I would like to become an S Corporation. I also have a couple other companies run jointly by myself and my wife, which are new.… read more
Lane
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If someone forms a new company and wanted to file form 8832
If someone forms a new company and wanted to file form 8832 and form 2553 but thought they were when they filed their SS-4 form, this is the first year they are filing, can they still make these elect… read more
Tax.appeal.168
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IRS told me to file an 8832, for default for a Scorp that wants to revoke their election i
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Stephen G.
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I received a letter from the IRS for Late Form 5472. I asked
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ForCustomer pls.Hi: Lane,Thanks for your info.Could
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LLC formed April 11 - nothing has been filed - would like
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Phillip B, EA
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Company thought they had elected to be S Corp when in fact
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R. Klein, EA
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I formed a Florida LLC, single member, in June 2011. I did
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I started a corporation in Jan 2008, I filed for an EIN and
I started a corporation in Jan 2008, I filed for an EIN and stated that I was a corporation anticipating being a s-corp. I never filed the form 2553 and didn't know I was supposed to (didn't read the … read more
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Can you undo the final return (1120 S return) for an S corp?
We marked a 1120 S return for an s corp as a final return. However due to some other filing errors on a new corporate we would like to go back and use the old s corp. Can you undo the marking of "fina… read more
JKCPA
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Can my llc make the S corp election after the fiscal year close
Can my llc make the S corp election after the fiscal year close but before filing on April 15th? If so, what forms do I need to fill out and will I owe penalties for based on the new filing status.… read more
RD
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Formed an North Carolina Corporation on 8/24/05. Intended to start our small business in 2005. Due to many different problems, the we were delayed in starting and now want to get going. After reading … read more
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