Corporation S CorpQuestions owners actually ask

No. Formation at the state is what the certificate does. The filing fee on that state's instructions is that state's fee, and this page will not invent the number. That fee does not sign Form 2553. A corporation's formation paper does not sign it either. The election is a federal form, signed by all shareholders, and it is not finished until the IRS accepts it.

If someone told you the state filing included the election, ask to see the sentence. The state form asks for an entity type. S is not a state entity type on the certificate. It is a federal tax status that an eligible company can request.

No. We will not say that. The instructions start the clock on the morning the tax year opens and stop it two months and fifteen days later, and they also accept the year that came before that morning. A calendar year company and a fiscal year company do not share a proverb. Compute the window from your own year start.

If you are already outside the window, Revenue Procedure 2013-30 is the late relief text people mean. It has conditions. We do not promise relief. If the procedure does not fit, the status remains whatever the papers already show.

Then the menu is ahead of the file. We treat the acceptance as missing until it is found. Prior returns and K-1s are clues. They are not the paper. Wage setup for an S year waits. The books keep the default we can defend, and we write that default down so a lender is not surprised later.

Finding the paper is a reasonable first chore. Asking the prior preparer, the IRS transcript, and your own email archive are ordinary places to look. We can help you list them. We cannot conjure the letter from a dropdown.

Yes, if the election is accepted and the eligibility rules hold. The LLC remains an LLC at the state. One class of stock, qualified shareholders, and the 100 shareholder cap still apply. A side deal that creates a second class can break the election while the menu stays cheerful. The company agreement is a lawyer's document.

The federal filing remains, whatever the menu nickname says. Single member LLCs that elected, series LLCs that elected, and S corporations still file the federal form the acceptance supports. A calendar year S company generally files Form 1120-S on the 15th day of the third month. Estimates on the passthrough commonly fall on the 15th of April, June, September, and January. The menu does not pick those dates. The instructions do.

A provider you operate. We set the status and the wage question up so the provider can calculate. We do not run payday, file the payroll returns, or hold the payment login. If the acceptance is missing, we do not set up S wages in the meantime.

Reasonable wages, once the status is real, come before distributions for shareholder employees. We talk about the work you do. We do not print a stranger's dollar target. Basis is tracked beside the wage. A distribution that ignores basis is a separate mistake.

When a contract asks for someone to sign an opinion, that signature is not one we give. The disclosures page writes the boundary and the statute sections. We can still keep the month and prepare the return the papers support. We will say early when a contract is asking for a signature we do not give.

Read these pages as general notes. The return for your year is prepared only inside an engagement. Any shop or clinic named here is a shape for the pattern, and it is not your company. Bring the certificate and the acceptance when the year has to be yours.

If the question is really about a K-1 that never showed up, start there. A missing K-1 in a year the menu calls an S year is a status question. Find the acceptance before anyone drafts a schedule from memory. Write the year the menu claims beside the year the paper shows. The books, the wage setup, and the return all wait on that same paper.

Questions collect on the kitchen table the way notes collect on a fridge, one at a time, until the door is covered. We answer from the papers, not from the loudest label on the menu. Bring the one question that is actually in the way.