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Level 2
March 11, 2021
Question

What is the best course of action when a new S Corporation has not received their entity status approval from the IRS?

  • March 11, 2021
  • 1 reply
  • 7 views

What is the best course of action when a new S Corporation has not received their entity status approval from the IRS?  It was mail in October.  The Extension is being rejected. This seems to be a 50/50 case with the Form 2553 being approved.

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1 reply

sjrcpa
Level 15
March 11, 2021

Mail the extension.

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