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Business & farm
HI Experts ,
If I may ask a related question . I did not get a response to my first 2553 from 5 months ago ( October 2022) . I did get a mail from IRS regarding signature of shareholders which I replied 2 months ago (January 2023) .
Can I resend 2553 as late election along with my 1120 S filed through Turbo tax even though I am waiting on approval for the initial filing ? Or is there a better approach than refiling 2553?
TurboTax automatically add "FILED PURSUANT TO REV.PROC. 2013-30' for late election on S Corp status
I adding the reason - "Information necessary to make an informed decision about entity status was not available at the time of tax filing . "
Should I include any additional details to reason for late election - ?Should I also mention my initial 2553 filing did not get a response and include the letter reference from IRS ?