Level 2

Question

How to over-write the title for LLC member filing as S-Corp

Forum|Forum|6 years ago
June 24, 2020
1 reply
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ProConnect Tax Online

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Level 15

S Corps don't have Members or one Managing Member. Look here:

https://proconnect.intuit.com/community/proconnect-tax-online-discussions/discussion/re-title-of-signing-officer-doesn-t-include-member/01/90739#M8074

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puakalenaAuthor

Level 2

Thank you!

What title do you use for an LLC sole member, fling as an S-Corp, per Form 2553

The prior preparer used Managing Member, so i want to be consistent, but does it really matter?

https://www.irs.gov/forms-pubs/about-form-2553

Level 15

I don't understand your follow up question. Did you click the link I provided to see the selections to choose from? It has a Picture:

https://proconnect.intuit.com/community/proconnect-tax-online-discussions/discussion/re-title-of-signing-officer-doesn-t-include-member/01/90739#M8074

You select what applies. Corporations do not have Members or Owners. They have shareholders, officers, and/or the people get titles, such as President and CEO and Treasurer.

"The prior preparer used Managing Member"

Which would apply for a multi-member partnership, 1065.

Don't yell at us; we're volunteers