mhsmith53
Level 3
01-27-2022
08:27 AM
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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