Reasonable Cause. 2553 Election For a Sub S.

September 14, 2009
Written by: steve

So, do you want to know the number one reason the IRS gets for not filing the 2553 election for a sub S corporation on time?
Of course, blame it on the accountant or attorney.  An off the record agent told me  the number one reason was that there was a mix up between the professional and the taxpayer. Does it work? Probably, if it is true and can be documented.
Usually, the sad part about this, it is the truth. Make sure that S election is filed timely.

Filed Under: Tax Help | Uncategorized
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