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Bethab1
Level 2
February 19, 2019
Solved

Data Entry Business Return

  • February 19, 2019
  • 1 reply
  • 1 view

HI!  What does "S Effective Date" mean on the very first section of "Client Information" when filling out a 1020S?  Above this entry they are already askign for date incoporated so what does this mean? What is it asking and when would it be used?

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Best answer by IntuitAustin

This is the very first date the business elected to be an S Corp wth the IRS. It could be different than when the business was first formed. 

 

1 reply

IntuitAustin
IntuitAustinAnswer
Level 10
February 19, 2019

This is the very first date the business elected to be an S Corp wth the IRS. It could be different than when the business was first formed. 

 

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