JackieCPA Posted August 8, 2018 Report Share Posted August 8, 2018 I faxed in form 2553 and got an "it went through" response from my fax machine. It has been a few months now and the taxpayer still hasn't received a response saying that it was accepted. Do you think I should send it in again, or just send in the Form 2553 with the 1120S when I prepare it this next tax season? Follow up, should I have him start paying wages to himself right away or tell him to wait? Quote Link to comment Share on other sites More sharing options...
schirallicpa Posted August 16, 2018 Report Share Posted August 16, 2018 We send faxes through an online system that keeps a copy of the fax and details of the time and date send and accepted. That being said, I would assume the fax is received and that he should act as if he is a sub-S and begin paying wages as of the election (assuming the corp has the income to do so.) When you file the return, you may include a copy of the 2553 and a statement that it was faxed on certain date and that the Taxpayer has acted as an S-corp since that time 2 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted August 16, 2018 Report Share Posted August 16, 2018 I had the same situation, and attached PDF of signed 2553 to initial 1120S efile, just to be safe, and the IRS sent a letter saying 'you already filed this.' Couldn't they just have ignored it?! 1 Quote Link to comment Share on other sites More sharing options...
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