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How to over-write the title for LLC member filing as S-Corp

Level 1
 
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4 Replies 4
Level 13

S Corps don't have Members or one Managing Member. Look here:

https://proconnect.intuit.com/community/proconnect-tax-online-discussions/discussion/re-title-of-sig...

 

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Level 1

Thank you!  

What title do you use for an LLC sole member, fling as an S-Corp, per Form 2553

The prior preparer used Managing Member, so i want to be consistent, but does it really matter?  

https://www.irs.gov/forms-pubs/about-form-2553

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Level 13

I don't understand your follow up question. Did you click the link I provided to see the selections to choose from? It has a Picture:

https://proconnect.intuit.com/community/proconnect-tax-online-discussions/discussion/re-title-of-sig...

You select what applies. Corporations do not have Members or Owners. They have shareholders, officers, and/or the people get titles, such as President and CEO and Treasurer.

"The prior preparer used Managing Member"

Which would apply for a multi-member partnership, 1065.

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Level 13

Did you read this from the 2553:

"Signature

Form 2553 must be signed and dated by the president, vice president, treasurer, assistant treasurer, chief accounting officer, or any other corporate officer (such as tax officer) authorized to sign."

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