Skip to main content
Level 1
October 14, 2022
Question

Can I file form 2553 and elect Scorp at the same time I file my first tax return in Pro Connect?

  • October 14, 2022
  • 2 replies
  • 9 views
I am filing a return in Pro Connect for our firm.  Can I make the S-Corp election on that first return within Pro Connect?

This topic has been closed for replies.

2 replies

Level 15
October 14, 2022

For 2021?  Does it qualify for the late election?

PhoebeRoberts
Intuit Community Champion
October 15, 2022

Sometimes! There's a toggle that the IRS can set on their end, to either check the entity type against their database or to not check. If they aren't checking, the return will be accepted. If they are checking, the return will be rejected. No way to tell which way it's set other than to e-file.

Since a calendar year 1120S being filed now is delinquent, I suspect they're currently checking. It's usually turned off right before filing / extension deadlines.