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Level 5
May 17, 2021
Question

Waiting for S-Corp Election Approval

  • May 17, 2021
  • 1 reply
  • 4 views

I filed an S-Corp election before 03/15/21 deadline. Do you need to wait for IRS approval before running owner's 1st payroll?

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1 reply

dkh
Level 15
May 17, 2021

I don't know if this is proper but I did not wait for my client.   Client setup LLC, he had me do an S-Election.  I've been doing payroll since January.   

Level 5
May 18, 2021

Thanks so much for the reply!