Client re-activated a long dormant corp, believing it was a C corp. IRS REJECTED! lol, not in the efiling, which was accepted, but in a later letter reminding taxpayer that it elected S status back in 1985!
They paid C corp tax to Fed and IL....now I'm wondering...how do we get those back? Filing an 1120X seems improper...and of course, I'd love to just efile and hope the refunds would come, but I'll bet all your money that wouldn't happen.
File manually with the IRS letter and request refund?
What you think?
Jeff