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Revoke S-corp status for an LLC

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    #1

    Revoke S-corp status for an LLC

    My client setup an LLC in March 2023 and elected to be taxed as an s-corp for the 2023 tax year. He has no income and only expenses for the LLC for 2023.

    Can we file to revoke being taxed as an s-corp for the 2023 tax year? And if not can we do it for 2024 even though we are eight months into 2024?

    Thank you!
    ​
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    #2
    "Revoke" means it would be taxed as a C-corporation. Is that what you want? Or does the taxpayer want it taxed as a Schedule C (assuming it is a Single Member LLC)?

    Was an extension filed for the S-corporation?


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