From S corp to C corp

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  • dsi
    Senior Member
    • Dec 2005
    • 705

    #1

    From S corp to C corp

    I would like to convert from an S to a C corp. What needs to be done? Also, since the 2010 S-corp return hasn't yet been filed, can I file it as a C-corp?
    Dave, EA
  • dsi
    Senior Member
    • Dec 2005
    • 705

    #2
    I found my answer in TTB under the S-corp tab. I have to file a statement by Mar 15th of this month to have it apply for 2012 and beyond.
    Dave, EA

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    • NotEasy
      Senior Member
      • Mar 2007
      • 374

      #3
      Originally posted by dsi
      I would like to convert from an S to a C corp. What needs to be done? Also, since the 2010 S-corp return hasn't yet been filed, can I file it as a C-corp?
      It was a S-corp in 2010. I cannot see how you can file it as a C-corp now after the fact.

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      • dsi
        Senior Member
        • Dec 2005
        • 705

        #4
        Not Easy, your are correct. My only option is to file the papers now to have terminate the s-corp and convert it to a c-corp for 2012.
        Dave, EA

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