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- what is and LLC or a "C" Corporation
what is and LLC or a "C" Corporation
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cruzgorr
Level 1
12-11-2020
11:13 AM
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Partnership filed form 1065 in 2018 and made conversion on Sept 2018 to "S" effective Jan 1,2019
By error the new converter "S" corporation open 1/20/19 as member 2 LLC and 2 Corporation one one of the coporaion was converter "S" and the other was not and remain an "C: due to the closing of the IRS and then forgot do the conversion until applied in December 2020.and as such is automatically status "s" revocation, cancelled the "S"" status,
Question: Due to the cancellation of the "S" status what should be filed now a form 1065 partnership or file form 1120 as corporation
Thanks for the help.
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1 Comment 1
Ephesians3-14
Level 8
12-13-2020
03:41 PM
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Yikes - you're going to have to re-explain that one to me. I just don't get the facts.
