New filing needed?

I have a new client. Back in 2016 they "elected" to file as an s-corp. When they filed the 1120s they sent the 2553 with it. Of course IRS says no to this as it had not been approved. They have gone through the "reason" etc with the IRS. 3 years later they have been told No way it will ever be approved. With that said, Do I need to file an 1120 or amend the filing of the 1120s: Or does the IRS just handle the filing as is to an 1120 in their system. One letter stated if in fact not handled they would just take care of it? There was loss so I am unsure of such an  impact to warrant a new filing 

No answers have been posted

More Actions

People come to Accountants Community for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach: