mhsmith53
Level 3

If the effective date is truly in May seems like they would need to file both (LLC & Corp)
Question is can the effective date be modified.

Appears there are Relief provisions when Form 8832 or Form 2553 is not timely filed.
Link below is a decent article

https://www.thetaxadviser.com/issues/2020/apr/electing-s-status-llc.html

0 Cheers