TaxGuyBill
Level 15
06-04-2024
01:18 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Was the original LLC a "Disregarded Entity" (a Single Member LLC that did not have any elections to be taxed as a corporation)?
Is it still an LLC, but merely made the S-election by filing Form 2553?
Or did the taxpayer legally form a new corporation, or legally convert the LLC to a corporation, through the Secretary of State, and then file Form 2553 to be taxed as a S-corporation?
Do you have a copy of the acceptance letter for the S-election?