S-corp acceptance?

[judys3]

I have a new customer that their old preparer helped them form an LLC.  The old preparer has ghosted them since 2022.  I have their CP 575 letter from IRS showing 1120 needed to have been filed April 2024 but have also found 2553 requesting to changed to S-corp.  The taxpayer does not remember received a letter from IRS for acceptance only has the documents given by the preparer.  Do I assume S-corp status was accepted?  I need to file first and final return for them for 2023

Rambling I know.  Sorry.  Monday.  Happy St. Patrick's Day!

[IRonMaN]

The quickest way to find out if the IRS recognizes the sub S status is to try filing an extension for the 1120S.  If it bounces, you know what the status is.

[judys3]

Thanks.  I need to get that done today!  There were no sales or expenses to this Scorp so wondering if penalties would be waived for 2023 the initial filing year

[IRonMaN]

Everybody normally gets one get out of jail free card.