taxpro99 wrote:If the form is normally due between 4/1/20 and 7/15/20 does anyone know whether the deadline has become 7/15/20?
The Secretary of the Treasury has also determined that any person performing a time-sensitive action listed in either § 301.7508A-1(c)(1)(iv) – (vi) of the Procedure and Administration Regulations or Revenue Procedure 2018-58, 2018-50 IRB 990 (December 10, 2018), which is due to be performed on or after April 1, 2020, and before July 15, 2020 (Specified Time-Sensitive Action), is an Affected Taxpayer.
(from 2020-23), I'd say you are squarely in the RP. One of the acts postponed by RP 2018-58 is... on or after April 1, 2020, and before July 15, 2020 (Specified Time-Sensitive Action)
An election under section 1362(a) to be an S corporation may be made by a small business corporation for any taxable year at any time during the preceding taxable year, or at any time during the taxable year and on or before the 15th day of the third month of the taxable year.
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