@M-MTax Thanks for the reply. That was my initial thought when they showed me the IRS acceptance letter, and I read up on Rev Proc 2013-30 which seems to imply that you will only be approved as a "streamline" S Corp late filer if you have been previously filing in a matter consistent with an S Corp. Basically a Pass-Through with no prior year tax impacts that differ Partnership vs S Corp; other than potentially over-paying SE Taxes those first couple of years if you were a profitable start up. But I am unable to find any documentation stating the "streamline" result is to simply continue on with the 1120S as of the effective date. It does seem like that is the logical intent of the procedure, to allow less complex LLCs to move into S Corp status without shutting down and restarting when there is no tax effect.
The State half is not a problem as both Partnerships and S Corps are filed on the same Pass-Through Entity form where the only difference is the box you check.
