Can you cancel an S-election if you haven't filed an 1120S for the entity yet? We filed a 1065 for the year ended 12/31/18 and completed Form 2553 March 19 to be taxed as an S-corp effective 1/1/19. Haven't ever filed the 2019 1120s yet and was wondering if there was any way I can cancel/under the election and file as a partnership again.
Thanks for your help.