Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Sign In
  • Elevate 2026 Pencil Banner
    cancel
    Showing results for 
    Search instead for 
    Did you mean: 

    what is and LLC or a "C" Corporation

    cruzgorr
    Level 1

    Partnership filed form 1065 in 2018 and made conversion on Sept 2018 to "S"     effective Jan 1,2019

    By error the new converter "S" corporation  open  1/20/19 as member 2 LLC and 2 Corporation one one of the coporaion  was converter  "S"  and the other was not and remain an "C: due to the closing of the IRS and then forgot do the conversion until applied in December 2020.and as such is automatically status "s" revocation, cancelled the "S"" status,

    Question: Due to the cancellation of the "S" status what should be filed now a form 1065 partnership or file form 1120 as corporation

    Thanks for the help.

     

    0 Cheers

    This discussion has been locked. No new contributions can be made. You may start a new discussion here

    1 Comment 1
    Ephesians3-14
    Level 8

    Yikes - you're going to have to re-explain that one to me. I just don't get the facts.