GM3
Level 1
05-03-2021
12:56 PM
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Best Answer Click here
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qbteachmt
Level 15
05-03-2021
01:11 PM
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Are you submitting for retro-active? Did you read the instructions? Do they qualify?
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
sjrcpa
Level 15
05-03-2021
01:12 PM
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Maybe, if you're claiming relief under the late election procedures. Check the instructions. You may also have to mail it separately.
The more I know the more I don’t know.
GM3
Level 1
05-03-2021
01:15 PM
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Yes, they qualify. The Election request is for the tax year beginning January 1, 2022
GM3
Level 1
05-03-2021
01:17 PM
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The Election request is for the tax year beginning January 1, 2022 therefore it is not retroactive.
goshen9882
Level 3
05-03-2021
01:46 PM
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Since the election is to be effective 1/1/2022 the instructions to form 2553 provide the mailing address on page 3. The address depends on the state of the principal business.
This gets mailed in separately and not a part of any tax return filing based on your facts.
