S election - Spidell

S election

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Message Board S election

This topic contains 1 reply, has 2 voices, and was last updated by Sandy Weiner 2 months, 2 weeks ago.

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  • #157958

    taxpayer who is a c corporation has decided that he wants to be an S. Can they retroactivate it to 1/1/2019? If so, what is the reason for late election?

  • #157994
    Sandy Weiner

    See Rev. Proc. 2013-30. Inadvertently failing to file Form 2553 is usually considered reasonable cause