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S Corporation for calendar year 2016. I did not file an
s Corporation for calendar year 2016.I did not file an extension for my S corp Federal Tax for 2016. Can I file the extension now for my 2016 s Corp tax ( was due 3/15/17) ? How can I file the extensi… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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I have a single member LLC and want to make a S-Corp
I have a single member LLC and want to make a S-Corp election. The LLC was formed August 2016 but no return was filed for that year due to no business activity. Business activity started in 2017 and a… read more
Carter McBride
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I have an LLC that I want to make a S-Corp election. The LLC
I have an LLC that I want to make a S-Corp election. The LLC was formed August 2016 but no return was filed for that year due to no business activity. A return for 2017 has not yet been filed. Is ther… read more
Barbara
Barbara
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Hope you are doing well. Will you be able to help with the
Hello Steve,Hope you are doing well. Will you be able to help with the appeal for late filing penalty on S corp. See attach paperwork. I submit the letter dated 12/18/17 and just received the denied l… read more
Stephen G.
Stephen G.
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I had a client who had been mis-advised by an earler tax
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
taxmanrog
taxmanrog
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IRS FORM 2553 TO HAVE MY CLIENTS LLC TREATED AS AN S-CORP AS
i AM FILNG IRS FORM 2553 TO HAVE MY CLIENTS LLC TREATED AS AN S-CORP AS OF 01/01/2017. THE LLC WAS FORMED IN 2016. A PARTNERSHIP 1065 RETURN WAS FILED IN 2016. I AM FILING FOR LATE ELECTION RELIEFAS P… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
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Lane, I have a client who formed an LLC in 2013 and was
Hi Lane, I have a client who formed an LLC in 2013 and was planning to do an S corp in 2016. Can he still do a late election and get it approved??? His reasonable cause will be that he did not underst… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,542 satisfied customers
Me and my husband our the only owners of a LLC for a real
Hello Me and my husband our the only owners of a LLC for a real estate company we want to elect to S corp status for tax purposes. should we file form 8832 or 2553 … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I have a single member LLC that i use to file with my
I have a single member LLC that i use to file with my personal tax return using Schedule C. I have NOT filed any information for this LLC for years because I was NOT using it. It is still considered a… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I need to change my LLC to an S-Corp. I would like to file
I need to change my LLC to an S-Corp. I would like to file my 2016 taxes as an S-Corp, but for the whole 2016 I was an LLC. I have been doing my research and it says I can still file form 2553 with th… read more
Lev
Lev
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Bachelor's Degree Equivalent
30,494 satisfied customers
To Taxmanrog: A taxpayer has been self-employed for years,
To Taxmanrog: A taxpayer has been self-employed for years, filing Schedule C, Form 1040, as a sole proprietor. He now wants to form an S-corporation in this New Year January 2017 but wants to make an … read more
taxmanrog
taxmanrog
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Sole proprietor since last year (2015). Obtained new Fed Tax
Sole proprietor since last year (2015). Obtained new Fed Tax ID and Formed LLC with MINN 7/20/16 Filed 2553 to be treated as S Corp with 7/20/16 as Incorporated date. Requested and was granted new eff… read more
Mark Taylor
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What is the time frame to file an 8832 and 2553 single
What is the time frame to file an 8832 and 2553 for a single member LLC to be taxed as an "S" Corp. It was formed in June 2015. The tax return was filed on a Sch C for 2015. The taxpayer wants to be t… read more
Lev
Lev
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Bachelor's Degree Equivalent
30,494 satisfied customers
Confused about S-corp status in NY.I live in the state
Confused about S-corp status in NY. I live in the state of NY, and formed a NY LLC in April of 2013. Immediately after that, I applied to IRS to be treated as S-corp for tax purposes by sending over t… read more
Stephen G.
Stephen G.
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Company thought they had elected to be S Corp when in fact
Company thought they had elected to be S Corp when in fact they did not. 2011 1120S was filed electronically on 9/17/12, (they had an extension), it was rejected by the IRS. The reason stated was that… read more
R. Klein, EA
R. Klein, EA
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Master's Degree
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Can you revoke an 8832, client set up another company which
Can you revoke an 8832, client set up another company which was an extension of his S corp. The company was an LLC and he filed an 8832 for it to be treated as an C corp, but it really should be owned… read more
CGCPA
CGCPA
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I formed a Florida LLC, single member, in June 2011. I did
I formed a Florida LLC, single member, in June 2011. I did not file the 2553 for s-corp election but had intended to elect to be taxed as an s-corp. What can be done at this point for my 2011 taxes? I… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
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I want to file an LLC as a S corp for tax purposes, we did
I want to file an LLC as a S corp for tax purposes, we did not elect within time, so I am assuming out of the 4 Rev Proc's that can be used for late filing, I use Rev Proc 2004-48, which is for entiti… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
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