Revoke and S corp election on 5/1/25

Forum|Forum|7 months ago
November 17, 2025
3 replies
6 views

I have a client that revoked its s corp election on 5-1-25. How do I file in proseries?

ProSeries Professional

sjrcpa

Level 15

Two short year returns. 1120S up until revocation. 1120 after revocation.

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

T

Terry53029

Intuit Community Champion

If your client is an single owner LLC instead of taking default to C-Corp he could file an 8832 and choose disregarded as a separate entity

T

TaxGuyBill

Level 15

Were you able to give him any guidance in the matter before he revoked the election? If not, I suspect he may be unpleasantly surprised by the result.

I don't know your client's situation so maybe this doesn't apply to your client, but I've read of SO many people doing this with an LLC and not realizing that it does NOT convert to a Schedule C, it converts to a C-corporation. They may not realize that they will need to pay you to prepare TWO corporate returns, and that it is past the deadline for filing Form 8832 (to be taxed as a Schedule C), even IF they qualify for it in the first place (depending on the circumstances, they need to meet the 60 month rule too).

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