JulieH1
New Member

Business & farm

Ok.  Our answers overlapped a bit so I am editing the comments.

If you were in business in 2017 and did not elect to be treated as an S Corp last year and just sent your election with your taxes, it is too late to be treated as an S-Corp for 2017.

In order to be treated as an S corp for 2017, you would have needed to Complete and file Form 2553:

  • No more than 2 months and 15 days (March 15, 2017) after the beginning of the tax year the election is to take effect, or

  • At any time during the tax year(2016) preceding the tax year it is to take effect.

If you have filed now, you should be ok for 2018.


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