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Level 1
December 6, 2019
Solved

I have a scorp that should of been a c corp how can i change it

  • December 6, 2019
  • 2 replies
  • 11 views
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Best answer by sjrcpa

They can revoke the S election, prospectively.

They are stuck wioth S status until revocation, unless something happened to cause an inadvertent termination.

2 replies

sjrcpa
sjrcpaAnswer
Level 15
December 6, 2019

They can revoke the S election, prospectively.

They are stuck wioth S status until revocation, unless something happened to cause an inadvertent termination.

The more I know the more I don’t know.
Level 6
December 6, 2019

If you are wanting to import in Lacerte from the S corp module to the C corp module you go to Tools, Import clients from S-Corporations, select the desired client and hit OK. 

sjrcpa
Level 15
December 6, 2019
I guess I failed mind reading. I need to resume the classes.
The more I know the more I don’t know.