TaxGuyBill
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		04-15-2022
	
		
		04:29 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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One of the requirements for a late election is that they INTENDED to be taxed as a S-corporation at the beginning of 2021.
Based on your comments and the fact they did not do payroll, it seems like that was not their intention, so it would not qualify for the late election.