Late S-Corp Election | TCC

Описание: Do you want to be an S-Corp but learned that your election is late? Want to know how to get a late S-Corp election accepted by the IRS? Well, every tax season we encounter some common issues and errors surrounding business owners who desire to be taxed as a S-Corp by the IRS. What might those issues be? Well, usually one of the following:

• Failing to make the S-Corp election entirely because they didn’t realize that Form 2553 needed to be filed with the IRS
• Failing to make the election in a timely manner

So in this video Jared goes over the IRS late S-Corp election relief process, what needs to be included on Form 2553 when you send it or Form 1120S to the IRS, and how we can help you if you don’t want to do it! 😉🤣

Tax Chit Chat S2 EP 10
Late S-Corp Election

🕘Timestamps:
0:00 Intro
0:33 Do you still have time to file?
1:15 Completing IRS Form 2553
2:27 Getting the info to the IRS for review
3:17 Get more info on our blog!
3:48 Recap!

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📚📺📻 Resources
Our Money Management Blog/Courses: https://makemymoneymakesense.com/
IRS Rev. Proc. 2013-30: https://www.irs.gov/irb/2013-36_IRB#R...
“Electing S-Corp Status and Late Filing Relief” Blog Post: https://www.wilsonrogers.net/blog/202...
“S-Corp and Taxation Considerations” Blog Post: https://www.wilsonrogers.net/blog/201...
Jared's Book How To Slash Your Taxes: https://www.wilsonrogers.net/blog/201...

If you need help with your late S-Corp election, then you can either 1) check out the details in the “Electing S-Corp Status and Late Filing Relief” blog post above or 2) shoot us an email at [email protected] and mention “YouTube S-Corp” so we know how you found us!

🎙🎥💻📸 Gear & Other Things We Use
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What is Tax Chit Chat?
Do you really "understand" taxes? Do you want to learn the best ways to cut your tax bill while staying on the good side of the IRS? Well, that's the point of this video series. Here, we hope to help YOU Slash Your Taxes Legally and Ethically! 😉

Subscribe to this channel to never miss another money/tax educating video!!

Here, you will learn tips and tricks to save money on taxes, build wealth, and make financially sound decisions that impact not only your future, but the future of generations to come.

Have questions? Want them possibly answered on a future episode? We would love to answer them! Simply shoot us an email at: [email protected]

Your friends,
The Professionals at Wilson Rogers & Company


🎨 Artwork:
Michael R. Voogd
www.VoogDesigns.com
(805) 768-4503

🎤 Host:
Jared R. Rogers, CPA
Wilson Rogers & Company, Inc. – Chicago, IL
773-239-8850

The content and topics covered in this video are like those of The Money Guy Show, The Dave Ramsey Show and Your Money, Your Wealth in parts. A large influence on this series’ style can be found via content creators Dr. Lynn Richardson, Tommy Bryson and Minority Mindset.

**Disclaimer: This video is meant to provide competent and reliable information regarding the subject matter covered. However, it is viewed with the understanding that the creator and provider are not engaged in rendering legal, financial or other professional advice. Laws and practices often vary from state to state, and as such, the information presented herein is educational in nature, is not individualized, and is not intended to serve as the primary or sole basis for your financial decisions.

If legal or expert assistance is required, the services of a professional should be sought. The creator and provider specifically disclaim any liability incurred from the use or application of the contents of this video.

Some of the links contained in this description are affiliate links. Wilson Rogers & Company is a participant in the Amazon Services LLC Associates Program (and others) which is an affiliate advertising program. Should you make a purchase via one of the links above, we will earn a small commission with no additional cost to you. To that end, we thank you for your support! 😉
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