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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- LLC being treated as an Scorp
LLC being treated as an Scorp
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jjchavez123
Level 2
02-27-2024
08:40 PM
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I have a client that has an LLC in 2022 they reported on a 1065. In 2023 they requested to be taxed as an Scorp. When you do the 1120s on the balance sheet do you use the previous years balance sheet information from the 1065 or do you start fresh as if it is a totally new business?
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jjchavez123
Level 2
02-28-2024
12:44 AM
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Thanks
