2553 late election and 1120-S

[HOPE2]

Hi to all and @TaxGuyBill

Can I E-file 2533 late election (Filed Pursuant To.....) and 1120-S if I attached 2553 as pdf to 1120-S? Reason I asked you because I remembered when I called IRS for 2553 in the past they said should mail along with 1120-S and mentioned both top of its margin , Filed Pursuant....If should it be mailed, what form should file for reason of mailing?

Also, on page 1-2 of 1120-S I added with Ctrl+D above of the U.S. income tax return this statement : Filed Pursuant To.... but it has become red but when I go to E-File mode, I can e-file it with no error. 

Any help would be appreciate it.

[TaxGuyBill]

I would first check if it qualifies for the late election.  Quite often, they don't qualify.

I don't have any first-hand experience, but I think I've read it is common to e-file with the election attached as a PDF.

Yes, enter that statement on the top.  In the event that ProSeries won't e-file it due to the 'red' error, you can try it again by disabling error-checking.

[dascpa]

I've had to file two late elections this year. First client - prior CPA never mailed it in.  Second client said they mailed it but no approval letter (after a year) and reject on extension due to entity mismatch.  How to is very clear in the 2553 instructions.  I called the IRS and they said taxpayer must mail in a paper return along with the 2553.  Who am I to second guess the IRS????

[HOPE2]

Hi @dascpa

let me know what did you for 1040 e-filing while still you have to wait to get acceptance for 1120-S. 

[dascpa]

It would be nice if we could just call the IRS and they tell us - yes, the S corp election is pending.  But in reality, if we don't have the approval letter it hasn't been worked on.  In my case I proceeded on the 1040 as if it had been approved.  Since they don't seem to match K-1's (sometimes never, other times years) I figured if questioned, by the time they question the approval should be complete.