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Accountant number one: Had a single member LLC which he
Accountant number one: Had a single member LLC which he determined would be better to elect to file as an S-corp. The accounting was done as such with the single member receiving a W-2. … read more
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Hello, I formed an LLC in June of 2016 and kept the classification that the IRS had given me. I have filed tax returns for the past 2 years for my business. I am wanting to be able to stay an LLC and … read more
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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
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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
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What is the ruling to use for a LLC not want to file a late
what is the ruling to use for a LLC not want to file a late S election for 2016. the LLC does not file an extension for the S corp.… read more
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I have LLC partnership with 3 partners and have been filing
I have LLC partnership with 3 partners and have been filing 1065 for 2015 & 2016 Client intends to convert the LLC in to C Corp with effect from 01 01 2017 Question: Can it be converted from 01 01 201… read more
PDtax
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I've had an inactive single member llc since October 2016. I
I've had an inactive single member llc since October 2016. I didn't file the election to make it an s-corp. I am now preparing to operate under the llc. Is it too late for me to make it an s-corp? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I have a question regarding a LLC that was being taxed as a
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Mark Taylor
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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
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Lane
JD, MBA, CFP, CRPS
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We started our small corporation on March/2016 with
We started our small corporation on March/2016 with LegalZoom, and we relied on them to file form 2553. Unfortunately, they did not file the form. Can we file it with the IRS for 2016 or it is too lat… read more
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Corporation Tax :S-Corp election My Corporation was
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I have a client that set up a single member LLC but wants to
I have a client that set up a single member LLC but wants to file for treatment as an S-Corp what do I need to do to correct the 1120-S filing? Amend as an LLC or file a form 2553?… read more
Stephen G.
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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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LLC's attorney filed as partnership on SS4. Filed 1-29-14
LLC's attorney filed as partnership on SS4. Filed 1-29-14 Members want to file as S corp. No business conducted at this point in time. Do I need to file an 8832 and 2553 with return?… read more
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I am a cpa in florida. I have filed a late s election for
I am a cpa in florida. I have filed a late s election for a single member llc that didn't file any tax returns since 2012. I made the s-election pursuant to rev proc 2013-30. The taxpayer filed the si… read more
PDtax
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When a business was started form 2553 was not filed with IRS
When a business was started form 2553 was not filed with IRS , now needs to be filed to get the S CORP selection . how to file this form and get it to be effective from the date the business was open… read more
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In April 2013, Abc company was incorporated and completed an
In April 2013, Abc company was incorporated and completed an S election (Form 2553) adopting a calendar tax year that is to become effective on April 5, 2013. But my secretary forgot to file form 2553… read more
Megan C
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A calendar year small business corporation(S corp) was set
A calendar year small business corporation(S corp) was set up on July 1, 2013. But due to store construction, we had to start to operate business on November 1, 2013. We would like to be an S corporat… read more
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