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Business & farm
what's important is the effective date of the S-Corp election. before that date you report Schedule C (regardless of sole proprietorship or single-member LLC) on and after that date on the S-corp. Who was the EIN issued to your LLC or you personally?
the S-Corp needs its own EIN you can not use the EIN f it was issued to you personally. the Corp' EIN would appear on the IRS S-Corp approval letter - CP261 Notice. without it you don't know if your s-corp status was approved or the effective date.
‎September 16, 2021
12:13 AM