timtax
Level 2
12-16-2021
06:56 AM
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Hello Friends,
I have a new client that is an electrician and has operated an LLC (single member) for a few years now. He would like to be taxed as an S-Corp beginning in 2022, so I am filling out Form 2553. My question is related to Part 1, box B, on Form 2553 where it states "Date Incorporated." Do I put the date the LLC was originally created (from a few years ago) or should I match the date we want the S-Election status to take effect (which would be January 1, 2022)?
Thank you!!
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Terry53029
Level 14
12-16-2021
04:37 PM
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I agree with Ironman, and if you read the form, part one is titled "Election Information" To me the form is asking for info on the entity asking to be taxed as an Scorp