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When does the IRS respond with S corp status?

Business 4 views 3 answers
I incorporated in early February (the paperwork came back at the end of March). I sent in my S Corp request form via fax to the IRS office in Utah (per directions on the form) in early April. I have not heard back from the IRS (other than the fax confirmation note I received from my fax service). Do they send me a letter saying my corporation is an S corporation, or do I need to follow up with them?

Attorney Answers

3
Frank Natoli ·
They should send you a letter of acknowledgement. Remember, if you are on a calendar year you would have to have had this done by mid March in order to get credit for this tax year. You can always give them a call and inquire. Most of us here, including myself, offer a free phone consult. Best regards, Frank Natoli-Lapin, LLC (see Disclaimer)
0 upvotes
Arthur Geffen ·
From the IRS: After filing Form 2553, you should have received confirmation that Form 2553 was accepted. If you did not receive notification of acceptance or nonacceptance of the election within 2 months of filing Form 2553 (5 months if you checked box Q1 to request a letter ruling), take follow-up action by calling 1-800-829-4933. Do not file Form 1120S for any tax year before the year the election takes effect.
0 upvotes
Eric Jerome GoldTrusts AttorneyCalabasas, CACA licensed ·
The IRS should have sent an acknowledgement of the election. If you have not received the acknowledgment, you should contact them to inquire.
0 upvotes

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