Podcast summary and Notes on " irs rev proc 2013-30"

Late S Corp Election

Jason Watson, CPA, of WCG Inc. (formerly the Watson CPA Group) with Amanda Rowles and Joseph Bassett review the S Corp benefits, reduction of self-employment taxes and the whole S Corp vs LLC discussion. But! The crux of this episode is how to retroactively file for a late S Corp election using Form 2553 and IRS Rev Proc 2013-30.

Then this episode discusses the timing of the late S Corp election and how it impacts tax return filing deadlines, extensions, late payroll events, and other pitfalls. Here is a spoiler alert- filing a S corporation election is a piece of cake and we are batting 100% in getting the successfully accepted by the IRS with huge tax savings.

This material is based on content from our website and our book, Taxpayer’s Comprehensive Guide to LLCs and S Corps.

https://wcginc.com/late-s-corp-election/

https://wcginc.com/wp-content/documents/SCorpQuestions.pdf

https://wcginc.com/s-corp-election/

https://wcginc.com/book

Thank you!

Warm Regards,

WCG Inc. (formerly Watson CPA Group)
2393 Flying Horse Club Drive
Colorado Springs, CO 80921

719-387-9800 phone
719-345-2100 text message
855-345-9700 fax

https://wcginc.com/

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