S Corp. late election

[Bird Legs]

Have a client that formed a corp. effective Jan 1, 2006. My memory then failed me
and I forgot to apply for the S Election by 3-15-06. Therefore, it is still a C Corp. It is on
a calendar basis. Is it still possible to make a late S Election for 2006?
If so, how would you do this?
Believe this was discussed quite a while back but have not been able to find it.
Thanks
Have a great weekend and do remember the veterans in your prayers. They have
given up a lot.

[Armando Beaujolais]

Have a client that formed a corp. effective Jan 1, 2006. My memory then failed me
and I forgot to apply for the S Election by 3-15-06. Therefore, it is still a C Corp. It is on
a calendar basis. Is it still possible to make a late S Election for 2006?
If so, how would you do this?
Believe this was discussed quite a while back but have not been able to find it.
Thanks
Have a great weekend and do remember the veterans in your prayers. They have
given up a lot.

Check TTB page 19-4. It looks like you'd qualify for relief from a late election under Rev. Proc. 2003-43.

[Bird Legs]

Armando

thank you very much. This is appreciated.