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Is the F1065 being filed for an LLC ?
An LLC may elect to be treated as an S corp by filing Form 2553.
This is from a Tax Advisor article available on the internet:
Deemed election to be treated as a corporation
An LLC that is eligible to elect S status and timely files an S election (Form 2553, Election by a Small Business Corporation) is considered to have made the election to be taxed as a corporation (Regs. Sec. 301.7701-3(c)(1)(v)(C)). These entities are not required to file Form 8832, Entity Classification Election. Other entities file the election to be taxed as a corporation on Form 8832 in accordance with Regs. Sec. 301.7701-3(c).
The fact pattern could make sense if the entity was an LLC, electing to be treated as S corp. Form 2553 can be used for the purpose in lieu of using 8832. But then, the election would be for 2023.
Perhaps the preparer either
(1) made a mistake (2022 elected instead of 2023); or
(2) Somehow correctly or incorrectly applied the late election relief per Rev Proc 2013-30. I said correctly or incorrectly because I don't know if the Rev Proc would be applicable to the entity. Therefore "correctly if it would be, and incorrectly if it wouldn't be applicable.
Just a few thoughts from a half fried brain on 4/15 before the 4/18 deadline.
I come here for kudos and IRonMaN's jokes.