can I file a form 8832 now for an LLC to be taxed as an S. Corporation for 2021? What are legitimate reasons for being last with the election?

catherine3 · ‎04-15-2022

My client's single member LLC business income tripled last year and the self employment taxes are really high. Is there anyway to avoid paying these for 2021? Can I file the form 8832 now and request a late filing waiver?