Discussion:LATE SUB S ELECTION
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Basic Tax Questions --> LATE SUB S ELECTION
Discussion Forum Index --> Tax Questions --> LATE SUB S ELECTION
Plainfacts (talk|edits) said: | 26 January 2008 |
| I have a client that I intend to file a late Sub-s election form 2553 for ,the due date was 09/15/2007..my intention is to make it retroactive.....Question...What will you guys consider to be a Reasonable cause for late filing.....the actual reaso was the Person who incorporated did not know anything about taxes and hence failed to file the Form 2553..of course I have been asked to do the Corporate retrun....I need some help as to what I can use as a Reasonable reason for the late election | |
Plainfacts (talk|edits) said: | 26 January 2008 |
| as always I knew I can get some help...Thanks DDZCPA...depth of gratitude..am saluting at ATTENTION...yes sir | |
| 26 January 2008 | |
| A few years back when I had to do one of these late I forgot to attach the letter with the reasonable cause. I actually had an IRS employee call me and dictate what I should say in the letter...been using that every since:
"Election filed late due to clients misunderstanding of filing requirements"... no pointing fingers required - works every time. | |
| 27 January 2008 | |
| I am sure you already know that you can now file the 2553 with your 1120s in certain situation. | |
To join in on this discussion, you must first
log in.
