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!
(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).
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??
dsocpa wrote:[W]hy tell us we can fax but we really can't because it must go into some kind of black hold somewhere.
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