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He !!! Happy Saturday. Listen, I have a C corp that was
He Steve!!! Happy Saturday. Listen, I have a C corp that was formed 10.27.17. No return was filed for that short year. I would like to make an election for the C Corp to be taxed as a S corp. What's t… read more
Stephen G.
Stephen G.
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If I file an 8832 now can I claim the status to be taxed as
If I file an 8832 now can I claim the status to be taxed as a corporation for 2018? or Will I also have to submit a Late 2553 S-Election to be able to file my 2018 taxed as a corporation? … read more
Alexander Efros
Alexander Efros
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My client files partnership LLC return. He wants company to
My client files partnership LLC return. He wants company to be switched to S-corp. in 2018. Can 8832 and 2553 be filed now and ask for s-corp status from January 1, 2018? Is there late election rev-pr… read more
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I am llc trying to form s corp. how to do it. With my
yes with my accountant he said need to file 2553 with irs … read more
taxmanrog
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I have potentially a new client who states he has an entity
I have potentially a new client who states he has an entity that is both an LLC/S-Corp. I never heard of this hybrid structure. His explanation is that he did not file his S-Corp election on time. I w… read more
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An S Corp election was accepted 9/1/18 but it actually needs
Roger, An S Corp election was accepted 9/1/18 but it actually needs to be made 1/1/18. What do I need to do to backdate it? Please provide articles and IRS references.… read more
taxmanrog
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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
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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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
taxmanrog
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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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Single member LLC filed schedule C for the last two years
Single member LLC filed schedule C for the last two years and now wants to be an S Corporation for tax year 2017.Is 1120S simply filed with form 2553 with "INCLUDES LATE ELECTION(S) FILED PURSUANT TO … read more
Carter McBride
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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
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Doctoral Degree
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Client sent 2553 (in March of 2016) to IRS, but the form was
Client sent 2553 for 2015 (in March of 2016) to IRS, but the form was incomplete. The corporation was started in Sept 15, 2015 and the client was under impression that it was going to be an S-Corp, ho… read more
Mark Taylor
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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.
Stephen G.
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My company is currently an LLC, and I am trying to file my
My company is currently an LLC, and I am trying to file my usual return for 2014 as an LLC. However, I would like to have my LLC taxed as an S-Corporation for 2015. I (and my regular CPA) are not exac… read more
R. Klein, EA
R. Klein, EA
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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
PDtax
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I have a husband and wife LLC that has been filed as a disregarded
I have a husband and wife LLC that has been filed as a disregarded entity schedule C since inception. The husband became involved in the business in 2013. They want to switch to an S corp for reportin… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
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Still reviewing the form 2553 for a current LLC taxed as a
Still reviewing the form 2553 for a current LLC taxed as a Sole (Sch C Filer) and now wanting to be taxed as a S-Corp. If only form 2553 is required, but it is filed late if electing to have an effect… read more
Megan C
Megan C
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I am requesting Steve Grizey, if available. I have a client
I am requesting Steve Grizey, if available. I have a client who requested/elected Sub S treatment of his single member LLC in 2012. Is there a way to de-request this election? I don't beleive it is in… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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