Delay in filing busines taxes SCORP

[KSJ91]

I have an Corporation. I elected to have the enity convert to S Corporation as of the date the election was filed. I did that when I first got the ein but due to delays in IRS it still have not yet processed. I already filed an extension but rather file my taxes then have to do a paper return if it takes more than the 3 months to process. Per IRS they are having delys in which it can take months possibly up until next year. YES. I called multiple times. at least 3 months for receive fax and maybe another 3-4 months to process as of now and could take longer if any issue arise. Then if the deadline passes to file my business returns it looks like it can be 6-8 months to process the paper returns. As one of my employment returns took about 6-8 months to process. So my issue now is that I would like to file my return. I will add my 2553 election with my business tax returns but for my personal tax return since I already have the K-1 technically the IRS just would not process it yet until the elction is complete and my return with my business is processed, can I use the figures to input in my personal tax returns. They will be exact. Will the IRS delay the return until the 1120S or 1120 is filed?

[ThomasM125 · Accepted solution]

It is doubtful that your personal tax return would be held up because the S corporation return had not been processed.  My experience with this is that the IRS does not match up your personal tax return with the corporate return until months after your personal return is processed. I know this because I have had personal returns adjusted months after being filed and processed because of erroneous information listed on them that pertained to a corporate return that was filed before the personal return.

[KSJ91]

Thank you very much!