TaxGuyBill
Level 15
06-18-2020
10:16 PM
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This doesn't really answer your question, but I don't understand how the IRS could accept a retroactive S-election to 2017. One of the requirements for a late election is that it was treated as an S-corporation that entire time. Filing a C-corporation return should have voided the ability to claim S-status in 2017.