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Late 2553 and 8832 Elections

jessicac
Level 2

I just found out that a new tax client setup his LLC in April 2019, however never filed form 2553 and 8832. He has been paying himself since April, assuming he was an S-Corp. I am in the process of preparing the late elections, however I wanted to confirm that I DO need to file both forms. I am a little confused as to whether to file form 8832. Also, is 8832 late at this point? Any advice on this topic is greatly appreciated!

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sjrcpa
Level 15

Only 2553 is needed.


Ex-AllStar

View solution in original post

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3 Comments 3
sjrcpa
Level 15

Only 2553 is needed.


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jessicac
Level 2
Thank you! So I have never filed a late election. Do you have any tips or advice for this? Hoping to get it filed this week. Thanks again.
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sjrcpa
Level 15

You have to cite the relevant Rev Proc and provide reasonable cause.


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