A new client (friends son) set up a SMLLC April 2022. He assumed the attorney had filed the 2553. I just received the financials a few days ago and requested the election from him, only to find out the attorney never filed. I would like to file the 1120-S by March 15th by filing a paper copy of the return. I'm not clear on a few things.
1. Do I submit the 2553 only with the 1120-S? Or do I still need to separately fax in the 2553?
2. I have "Includes late election filed pursuant to Rev Proc 2013-30" on top of the 1120-S, and similar statement on the 2553. Should I also include a signed statement form the shareholder that they are reporting the income consistent with being an S Corp?
I'm a little gun shy on this. I had a client last year prepare their own 2553 and the IRS didn't allow the late election for the first year (but did allow it starting 1/1/2022). There was no reason given. It wasn't a big deal because they had very little activity, but just makes me nervous.