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Data Entry Business Return

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Level 1
last updated ‎April 01, 2020 7:58 PM

HI!  What does "S Effective Date" mean on the very first section of "Client Information" when filling out a 1020S?  Above this entry they are already askign for date incoporated so what does this mean? What is it asking and when would it be used?

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Community Manager
Community Manager
last updated ‎April 01, 2020 7:58 PM

This is the very first date the business elected to be an S Corp wth the IRS. It could be different than when the business was first formed. 

 


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Community Manager
Community Manager
last updated ‎April 01, 2020 7:58 PM

This is the very first date the business elected to be an S Corp wth the IRS. It could be different than when the business was first formed. 

 


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Accept as solution"

View solution in original post

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