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A new corporation is formed and begins doing business on June 8, 2018. To make a...

A new corporation is formed and begins doing business on June 8, 2018. To make a valid S corporation election that will be effective as of June 8, 2018, what is the latest date that the Internal Revenue Code indicates that the entity may file Form 2553?

A. March 15, 2018
B. April 15, 2018
C. August 22, 2018
D. June 8, 2018
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Answer #1

Answer: C. August 22, 2018

You have to file Form 2553 within 2 months and 15 days from the date of your corporation's date of formation in order for the changes to take effect in its first tax year.

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