CLAUDIATRACY
Level 2
03-10-2022
08:39 PM
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A FINAL UPDATE
This C-corp had not had any income since it’s inception, so the broker, who thought she knew taxes decided that she would file her own returns and just mark them with no activity! We filed a 2553 to elect to file as an S-Corp and hope that it will be approved. Since she had never consulted a tax professional, she had never received any advice from a knowledgeable person.
Thanks for all your responses and help!