I am hoping you can help me with:
I formed CA corporation General-Stock on 05/10/2023 and on 07/25/2023 EIN received since client canceled his previous EIN and took time to be done. Now he wish to elect S-Corp, should I file late S Corp election "FILED PURSUANT TO REV. PROC. 2013-30." If Yes what would be the date on line E?
01/01/2023 or 05/10/2023.
I mentioned that it was formed on 05/10/2023.
Did you say that YOU formed the corporation? Beware of practicing law.
Why did the EIN need to wait? I can't imagine why a new corporation couldn't get an EIN immediately, without a need for the owner to cancel some other EIN.
Personally, I don't see anything as qualifying for the late election. There doesn't really seem to be a reason why it wasn't filed on time, plus you said "now" he wishes to file as a S-corporation, rather than "he has always intended" to file as a S-corporation.
Client had an LLC under the same name. He closed LLC single member then sent a request to cancel EIN then asked a new EIN that is why took long time. I explained before. Corporation formed on 05/10/2023 and two days ago he received a new EIN. Now he wants to take S-corp election. the 75 days as of 05/10/2023 passed so should file late election? If yes what date should enter on line E?
Thanks for your help.
I apology did not get your answer.
Thanks
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