Missed the Deadline? This is How to File a Late S-corp Election! (Form 2553 Relief)
đź“‹ Key Takeaways Late Election Relief: Missing the IRS Form 2553 deadline does not automatically disqualify a business from S-Corporation tax treatment if relief requirements are met. IRS Safety Net: Under Revenue Procedure 2013-30, the IRS allows late S-Corp elections within a 3-year and 75-day window for eligible businesses that acted in good faith. Reasonable […]
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