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Can a sole owner of an LLC elect S Corp Status(form 2553) retroactively for previous years' filings(2016 and 2017)?

joe7230
Level 2

Sole owner of an LLC hasn't filed since 2016.  Can he elect S Corp status (form 2553) retroactively?  What's the deadline for electing S Corp status for 2018?

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sjrcpa
Level 15

The deadline for 2018 was March 15, 2019.

There are provisions for making a late election, if you have a good reason.

The more I know, the more I don't know.

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2 Comments 2
sjrcpa
Level 15

The deadline for 2018 was March 15, 2019.

There are provisions for making a late election, if you have a good reason.

The more I know, the more I don't know.
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sjrcpa
Level 15
And if you meet other requirements.
The more I know, the more I don't know.
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