Q Sub election Form 8869 not filed

[John3cpa]

FACTS: 100% of Sub S stock bought by parent Sub S effective for 2013. Q Sub election form not filed. 2013 1120S filed by 100% owned subsidiary. QUESTION: Can the parent file the Form 8869 Q Sub election now, effective for the 2014 year, or do we have to file the subsidiary's 1120S and elect Q Sub for 2015?

[TXEA]

I think you are going to have file the election for 2015 (it is due in 3 days). There is a process for relief on late election. You might look in to what would be involved to request such relief for 2014.