I have an Corporation. I elected to have the enity convert to S Corporation as of the date the election was filed. I did that when I first got the ein but due to delays in IRS it still have not yet processed. I already filed an extension but rather file my taxes then have to do a paper return if it takes more than the 3 months to process. Per IRS they are having delys in which it can take months possibly up until next year. YES. I called multiple times. at least 3 months for receive fax and maybe another 3-4 months to process as of now and could take longer if any issue arise. Then if the deadline passes to file my business returns it looks like it can be 6-8 months to process the paper returns. As one of my employment returns took about 6-8 months to process. So my issue now is that I would like to file my return. I will add my 2553 election with my business tax returns but for my personal tax return since I already have the K-1 technically the IRS just would not process it yet until the elction is complete and my return with my business is processed, can I use the figures to input in my personal tax returns. They will be exact. Will the IRS delay the return until the 1120S or 1120 is filed?
