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Business

S Corp

Illinois

Asked on Feb 25, 2022

I incorporated an S corporation last year October 2022 in Illinois,but I failed fil form 2553 within within stipulated time frame of 75day . If I fil the form 2553 now , will my incorporation still be approved for S Corporation for

I want commence the filling process immediately .

1 Attorney answer

Answer

Business

Illinois

Answered 213 days ago

T. Phillip B.

ContractsCounsel verified

Business Lawyer
Licensed in Illinois
Free Consultation

It will be approved but may not be in effect until a later tax year.

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