I am a PTIN and my client needs to turn her LLC into a S-Corp. Can I do this as a PTIN or does a lawyer need to advise her? Thank you.
This discussion has been locked. No new contributions can be made. You may start a new discussion here
I would think if you are asking, maybe you should suggest to your client to see either an EA, or CPA
My words of advice - stick to what you do well and let someone else do the things that you don't have the proper experience with.
"needs to turn her LLC into a S-Corp."
"Needs" to, meaning, someone is already giving her advice, and that isn't you? That election has been a common mistake seen here.
I recommend a CPA, not a lawyer, because the lawyer will do what you ask. The CPA should give you guidance, first.
If, after obtaining appropriate tax and/or legal advice, the client does wish to elect S Corporation status for her LLC, anyone can fill out the form.
As hinted at by the others, I can't think of any situation where an LLC needs to be an S Corp. I have seen many situations where an S election was made and should not have been.
@sjrcpa You mean my barber has it wrong 😁
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.