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Thanks guys. Client decided to keep the S-Corp start as of 01/01/2025 ans pay the 2024 SE tax.
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He is an LLC (disregarded) and since 2022, hence the Schedule C. Since he self-prepared his taxes, he did not know that he could make a late election for the pr...
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Has anyone done a late S-Corp election in order to supersede a more recent S-Corp election?New client to me (small construction business - Sched C) always self ...
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Agreed on the absurdity of the rule. Thanks Lisa.
