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S-corp election -- Form 2553 to be filed every year

Technical topics regarding tax preparation.
#1
utsllc  
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New Hampshire
An IRS letter accepting this election implies that the S-corp election is active until changed and it is tied to a particular year/etc.

Does this form have to be filed every year? I've seen mixed info about this. Thanks!
 

#2
Nilodop  
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Pennsylvania
The law is clear. 1362
(c) Years for which effective
An election under subsection (a) shall be effective for the taxable year of the corporation for which it is made and for all succeeding taxable years of the corporation, until such election is terminated under subsection (d).


Where did you see the mixed info?
 

#3
utsllc  
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28
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25-Feb-2015 5:41pm
Location:
New Hampshire
Thank you!
 

#4
Nilodop  
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Where did you see the mixed info?
Last edited by Nilodop on 16-Apr-2019 8:25am, edited 1 time in total.
 

#5
EADave  
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Texas
Hey, anyone else having trouble receiving Election acceptances? I’ve had two or three of these out to IRS for several months and no response. Faxed and certified mail. What gives??
 

#6
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WA State
I've had a less than 30% success rate with faxed 2553s. I stopped sending via fax a couple years back.

The last few I've had to call or had the client call to confirm.
~Captcook
 

#7
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Wisconsin
EADave wrote:Hey, anyone else having trouble receiving Election acceptances? I’ve had two or three of these out to IRS for several months and no response. Faxed and certified mail. What gives??


I'm waiting on one election acceptance; sent certified mail, after the IRS shutdown was over so I wonder if that is a factor nowadays.
 

#8
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1170
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HAWAII
I had two last year and they both went amazingly well. Timely notification of acceptance even. Both prior to the shutdown though.
 


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