Business & farm

when you filed that 2553 did you elect a fiscal year because generally S-elections are made on a calendar year basis. check the response from the IRS as to when the tax year starts. 

also fiscal year selection may be invalid if it is not a valid business year

 

from 2553 instructions

  1. It has or will adopt or change to one of the following tax years.

    1. A tax year ending December 31.

    2. A natural business year.

    3. An ownership tax year.

    4. A tax year elected under section 444.

    5. A 52-53-week tax year ending with reference to a year listed above.

    6. Any other tax year (including a 52-53-week tax year) for which the corporation (entity) establishes a business purpose.

    For details on making a section 444 election or requesting a natural business, ownership, or other business purpose tax year, see the instructions for Part II.

 

also, the S-corp would have a different EIN then the one the sole proprietorship had (if any).  I agree @AmeliesUncle consult a pro.