Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Is a Form 2553, S-Corp Election submitted with an E-Filed Tax Return an effective Election?

GM3
Level 1
 
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
goshen9882
Level 3

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.

View solution in original post

5 Comments 5
qbteachmt
Level 15

Are you submitting for retro-active? Did you read the instructions? Do they qualify?

*******************************
Don't yell at us; we're volunteers
0 Cheers
sjrcpa
Level 15

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.
0 Cheers
GM3
Level 1

Yes, they qualify.  The Election request is for the tax year beginning January 1, 2022

0 Cheers
GM3
Level 1

The Election request is for the tax year beginning January 1, 2022 therefore it is not retroactive.

0 Cheers
goshen9882
Level 3

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.