Clients did the S-corp election effective Jan 1, 2011, but the preparer didn't know this and filed as he normally would as a partnership on 1065.
Clients filed a second 2553 and then received a letter from the IRS stating they are already have a valid election on file effective Jan 1, 2011.
Question is, do we filed a late S-corp return with all of their 2011 numbers and if so, how do we fix the partnership return for 2011 that should've never been filed?
Does the partnership need to amend 2010 to indicate that that is their final return?
Thanks for any help.
Clients filed a second 2553 and then received a letter from the IRS stating they are already have a valid election on file effective Jan 1, 2011.
Question is, do we filed a late S-corp return with all of their 2011 numbers and if so, how do we fix the partnership return for 2011 that should've never been filed?
Does the partnership need to amend 2010 to indicate that that is their final return?
Thanks for any help.
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