DEO Posted May 11, 2017 Report Share Posted May 11, 2017 Any help is appreciated. Client formed an LLC early 2016, presumed he knew what he was doing. This February(2017) want me to file a FINAL NON RETURN. He did not know what he did at the beginning. I asked him if he made an election, to be treated as an S-corp. Not sure. We decided to file a final 1120 return, with the assumption that he had made an election. IRS responded that they have not received a form 8832, and a statement explaining reasonable cause for failing to file Form 8832 by the original due date. I am at a loss how to respond. Your assistance is greatly appreciated. deo Quote Link to comment Share on other sites More sharing options...
Pacun Posted May 11, 2017 Report Share Posted May 11, 2017 Why didn't you disregard instead of assuming? Quote Link to comment Share on other sites More sharing options...
BLACK BART Posted May 11, 2017 Report Share Posted May 11, 2017 I can't think of anything, but why not just wait and see if IRS sends him anything else or bills him? At least you'll know where you stand if/when they do. I once had a client do something similar and IRS sent a letter on it. Neither of us had any bright ideas, so I suggested we wait and see what happens. He never heard anything else from them again. I think sometimes if they don't have your response to work with then they're too busy with other stuff to follow up on such things. Caveat: My guy was not a worrier -- some clients can't stand the suspense. Quote Link to comment Share on other sites More sharing options...
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