Skip to main content
Level 3
December 7, 2019
Solved

Late 2553 and 8832 Elections

  • December 7, 2019
  • 2 replies
  • 19 views

I just found out that a new tax client setup his LLC in April 2019, however never filed form 2553 and 8832. He has been paying himself since April, assuming he was an S-Corp. I am in the process of preparing the late elections, however I wanted to confirm that I DO need to file both forms. I am a little confused as to whether to file form 8832. Also, is 8832 late at this point? Any advice on this topic is greatly appreciated!

This topic has been closed for replies.
Best answer by sjrcpa

Only 2553 is needed.

2 replies

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

Only 2553 is needed.

The more I know the more I don’t know.
jessicacAuthor
Level 3
December 7, 2019
Thank you! So I have never filed a late election. Do you have any tips or advice for this? Hoping to get it filed this week. Thanks again.
sjrcpa
Level 15
December 7, 2019

You have to cite the relevant Rev Proc and provide reasonable cause.

The more I know the more I don’t know.