anaban
Level 2
‎09-18-2022 02:02 PM

I sent a paper S Corp return with late election 2 months ago. I know it’s going to be ages (hopefully just months) until I hear form IRS. (C Corp electing S Corp)

Now I need to file a late CA return. What is the best option:

  • File a C Copr return, amend when I receive S Corp approval form IRS (probably the legit way, but darn long and complicated)
  • Mail a S Corp return, hoping that by the time they get to it I will be a legit S Copr with IRS
  • Wait (and pay penalties for late filing) for IRS approval and send a S Corp return after IRS approves the status

I know you are going to make me feel bad for asking such a dumb question (always happens), so hit me with your contempt but please answer the question 😊

0 Cheers
sjrcpa
Level 15
‎09-19-2022 10:21 AM

I vote for

"Mail a S Corp return, hoping that by the time they get to it I will be a legit S Copr with IRS"


The more I know the more I don’t know.
Terry53029
Level 15
Level 15
‎09-21-2022 03:37 PM

Contempt around here, never 😀 at least until @IRonMaN reads it

sjrcpa
Level 15
‎09-21-2022 05:37 PM

Hey - he's Minnesota nice.


The more I know the more I don’t know.
IRonMaN
Level 15
‎09-22-2022 08:55 AM

I don't even know what contempt means, so why did I get dragged into this?😉


Slava Ukraini!
anaban
Level 2
‎09-22-2022 02:57 PM

I won't be in this field if I won’t be able to take the use and abuse (e.g. disgruntled customers, blaming the preparer for their liability, anybody?). 

sjrcpa
Level 15
‎09-22-2022 05:27 PM

All of us.


The more I know the more I don’t know.