I have been taxed as an LLC for 2 years and now I would like to become an S corp. My question is when would be the right time to send the form 2553 to the IRS? Can I send it now before this month ends or should I wait until the beginning of January? Thank you for your informative video!
@@OP-ik7qb You can file it whenever, however, if it is filed after 3/15 of any year without good reason to request a back date it will not take effect until the following tax year.
@@waterfordbusinesssolutions3235 thank you for taking the time to answer. I’ll be filing this form and send it out to the IRS at the end of November. Thank you again!
Are you thinking about filing Form 2553 for S-Corp election? What questions do you have about the process or benefits? Let’s discuss!
I have been taxed as an LLC for 2 years and now I would like to become an S corp. My question is when would be the right time to send the form 2553 to the IRS? Can I send it now before this month ends or should I wait until the beginning of January? Thank you for your informative video!
@@OP-ik7qb You can file it whenever, however, if it is filed after 3/15 of any year without good reason to request a back date it will not take effect until the following tax year.
@@waterfordbusinesssolutions3235 thank you for taking the time to answer. I’ll be filing this form and send it out to the IRS at the end of November. Thank you again!