Welcome Guest. Register Now!  


For 2013 Tax Tips For Year 2013.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 10-30-2013, 11:33 AM
Junior Member
 
Join Date: Oct 2013
Posts: 5
Question S corp election

Given a C corp with a Feb 1st calendar year start. If an S-corp election is made, how are the tax filings handled given the calendar year mismatch.

For example:
C-corp filed for 2/1/11-1/31/12
Employee filed for 1/1/11 - 12/31/12

The Corp has already included Jan/2012 in its 2011 filing.
If the election is made, suddenly the calendar shifts back a month and the corp is handled on the employees/stockholders return. But How is the already covered month of January handled by the employee/stockholders on their 2012 return since it was already filed for by the C-corp?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How can I quickly verify an S-Corp Election? kloponline S-Corporation 1 08-15-2013 03:12 AM
What can a Taxpayer do if they only filed a Federal S Corporation Election but did not File a CBT-2553 "New Jersey S Corporation Election?" TaxGuru New Jersey 0 07-30-2013 04:20 PM
LLC Tax Election - Help Please ak0124 Limited Liability Company 0 02-27-2012 11:11 PM
Accounting after LLC taxed as C-corp election labtech123 Limited Liability Company 0 01-28-2009 01:26 PM
What exactly is a 83(b) Election? Leah Filing Requirements 0 03-04-2008 08:29 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning