steveweafer[at]alltel.net (Steve Weafer) wrote:

- quote -

election > was not on file. I submitted the 2553 pursuant
to rev proc > 97-40 claiming the sole-shareholder assumed
the lawyer had > timely filed an election and that the
shareholder had always > treated his corporation as an
S-corp (even tho he had never > filed a return) and promptly
received notice that he had > been accepted as an S-corp
retroactive to 1992

Yeah, go ahead and blame the lawyers. Whether it's true or not.

Personally, I blame my secretary.

Stu

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"Barney Bird" <barney_bird[at]msn.com> wrote:
- quote -

In 1999 I filed 1992 thru 1998 returns for an S-corp. Then
I received a letter from the IRS stating a valid election
was not on file. I submitted the 2553 pursuant to rev proc
97-40 claiming the sole-shareholder assumed the lawyer had
timely filed an election and that the shareholder had always
treated his corporation as an S-corp (even tho he had never
filed a return) and promptly received notice that he had
been accepted as an S-corp retroactive to 1992

Steve Weafer
steveweafer[at]alltel.net

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"prucker" <pamela.rucker[at]comcast.net> wrote:

- quote -

On May 9, 2003, IRS released Revenue Procedure 2003-43
to provide a simplified procedure for requesting relief
from late-filed S-Corp elections.

Rev. Proc. 2003-43 is available at the link below:

http://www.irs.gov/pub/irs-drop/rp-03-43.pdf


Barney Byrd
barney_bird[at]msn.com

To contact me directly, use the correct spelling of my
last name in the e-mail address above.

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