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

joe7230 · ‎12-07-2019

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?

sjrcpa · ‎12-07-2019

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.

View solution in original post

sjrcpa · ‎12-07-2019

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.

sjrcpa · ‎12-07-2019

And if you meet other requirements.

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

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

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