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How do I correct the S election effective date?

Roz1
Level 2
Any date I input, it gives me an error message.
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4 Replies 4
George4Tacks
Level 15

What does it say on the letter? https://www.irs.gov/pub/notices/cp261_english.pdf

OR Read the instructions if you are applying: https://www.irs.gov/instructions/i2553#idm139855003296080


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Roz1
Level 2

Not a letter.  On the return itself.

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George4Tacks
Level 15

@Roz1 What date is on the letter IRS sent to the S-Corp? I gave you a sample letter link, now look at the actual letter that your client has. 


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TaxGuyBill
Level 14

What does the error message say?

Is the S-election date on or after the incorporation date?

Is the S-election date the on the first day of the tax year for the corporation?