MariettaCPA
Level 1
09-12-2021
02:10 PM
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Calendar year end new S-Corp for 2020; IRS S election is effective Jan. 14, 2020. I'm getting error message in that date field that the S election is later than the beginning date oft he tax year. It needs to be the actual date effective by the IRS. how do you make that error go away?
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TaxGuyBill
Level 15
09-12-2021
02:33 PM
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Was the corporation formed on January 14th?
If so, did you indicate that on the tax return, and did you enter that you preparing a "short year" tax return?
