Is a Form 2553, S-Corp Election submitted with an E-Filed Tax Return an effective Election?

Forum|Forum|5 years ago
May 3, 2021
2 replies
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ProConnect Tax

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Best answer by goshen9882

Since the election is to be effective 1/1/2022 the instructions to form 2553 provide the mailing address on page 3. The address depends on the state of the principal business.

This gets mailed in separately and not a part of any tax return filing based on your facts.

qbteachmt

Level 15

Are you submitting for retro-active? Did you read the instructions? Do they qualify?

Don't yell at us; we're volunteers

G

GM3Author

Level 2

Yes, they qualify. The Election request is for the tax year beginning January 1, 2022

sjrcpa

Level 15

Maybe, if you're claiming relief under the late election procedures. Check the instructions. You may also have to mail it separately.

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

G

GM3Author

Level 2

The Election request is for the tax year beginning January 1, 2022 therefore it is not retroactive.

G

goshen9882

Answer

Intuit Community Champion

Since the election is to be effective 1/1/2022 the instructions to form 2553 provide the mailing address on page 3. The address depends on the state of the principal business.

This gets mailed in separately and not a part of any tax return filing based on your facts.

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