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I filed for LLC February 7, 2021. I have now learned that it
I filed for LLC February 7, 2021. I have now learned that it is better to have Scorp status for tax purposes. Is it to late for me to file Scorp status? What form do I need to file? 8832 or 2553? I am… read more
Barbara
Barbara
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Filing a 2553 - Election by a Small Business Corporation -
Filing a 2553 - Election by a Small Business Corporation - to be taxed as an S-Corp. Business incorporation date is 4/16/21. Per IRS rules, in order to be effective for tax year 2021, the S-election m… read more
Barbara
Barbara
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I have a client that has existed since 2017, but just filed
Hi, I have a client that has existed since 2017, but just filed as an LLC in Tenessee on 4/14/2021. He would like to elect to be an S corp and (if possible) backdate the 2553 to 1/1/2021 by making a l… read more
Barbara
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Company single owner. Idid my taxes for year 2020 and i see
Hi, I am LLC company single owner. Idid my taxes for year 2020 and i see my business is picking up now.in order to save money i want to make S corp. QUESTION IS : IF I INCOPRPORATE NOW DO I NEXT YEAR … read more
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I formed a professional corporation (the equivalent of an
Hello. I formed a professional corporation (the equivalent of an LLC in California), and am seeking an S-Corp election. I formed the corporation on September 9, 2020. If I were to submit form 2553 (th… read more
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I have an LLC and want to get an EIN, do I need to file Form
I have an LLC and want to get an EIN, do I need to file Form 2553 first since I want to be taxed as an S corporation? … read more
Lane
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I have a question about electing a new business as a S Corp.
Hello, yes, I have a question about electing a new business as a S Corp … read more
Lev
Lev
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Can i speak with accountant. Question regarding filling out
can i speak with accountant JA: I'll do all I can to help. Can you tell me more about what's going on? Customer: question regarding filling out a w9 JA: Is there anything else the Expert should be awa… read more
PDtax
PDtax
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A TAXPAYER BUSINESS OWNER SIGN UP IN 01/03/2017 WITH THE
A TAXPAYER BUSINESS OWNER SIGN UP IN 01/03/2017 WITH THE STATE AS A LLC NOW FOR 01/01/2020 WANT TO BECOME A S CORP ARE THERE ANY OTHER FORMS TO FILL OUT OTHER THAT 2553… read more
Dr. Fiona Chen
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I have a question regarding IRS Form 2553. I am a new LLC
I have a question regarding IRS Form 2553. I am a new LLC wanting to elect for S-Corp status … read more
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On 10/19/2015 a disregarded entity was started as an LLC in
On 10/19/2015 a disregarded entity was started as an LLC in Arizona. On 3/31/16 a Sub S partner bought into the business and forming a partnership. A previous Sub S Election on Form 2553 had been file… read more
Mark Taylor
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If an LLC partnership elects to be taxed as an S-corp on
quot;For Lane"If an LLC partnership elects to be taxed as an S-corp on 1/22/15 does the partnership need to file a 1065 for the first 22 days of the year and an 1120s for the remainder, or just an 112… read more
Lane
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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 an LLC elects to file as an S corp in 2013 do they have
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Lev
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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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Morning, I have a client that has been a Single Member LLC
Morning, I have a client that has been a Single Member LLC filing a "0" Schedule C (he tells me) since 2009. He had no transactions or income during those years. However, he obtained government contra… read more
Phillip B, EA
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i am filing a late/relief for an LLC to be an S corp, do i
i am filing a late/relief for an LLC to be an S corp, do i file a 2553,wait for an answer then do an 8832 once notified of decision? or just the 2553, or 8832?… read more
Lane
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We formed a 3 member LLC, a restaurant, this year in April.
We formed a 3 member LLC, a restaurant, this year in April. Form 2553 was filed, and the IRS approved the S-Corp status beginning May 1 even though we left the effective date blank. After speaking wit… read more
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