Client formed S-Corp in 2007. When I go to calculate the return I get an efile error that the S election must be equal to or preceed the tax year beginning date. If I change it to a short year I get a message that short year 1120 and 1120S can't be efiled. Never had this problem before. Anyone aware of what might be going on?
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Did IRS change requirements on newly formed corps? -
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Drake says short year must be paper filed...but
their knowledge base says that it CAN BE EFILED...(after 2008) so....guess I gota call em again and talk to someone else that knows whats going on. Just had same issue with a new S corp incorporated on 09-21-12.
Kept getting error message 535; saying that dates didnt match or some crap like that.Comment
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Had the same issue with one that started 03/06/12. I filled out the Fiscal Year as beginning 03/06/12 and ending 12/31/12. That made the error message go away.Comment
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I just completed an 1120S last night, it efiled with no issues in Drake. I do not have any year end date entered, just date incorporated and the date of S Corp election, (boxes A and E on the general info screen) On mine they are the same.Comment
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Chapter S authorized date
Check if you hve the correct Chapter S authorized date...Comment
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