Legal Question in Business Law in Florida
S corporation filing deadline??
I started a new job as an independent contractor in May 2002 and I am being paid on a 1099. I have not yet paid any estimated taxes yet this year. Is it too late to incorporate, file as an S corp. and get the S corp. tax status for the 2002 tax year?
Asked on 12/10/02, 7:19 pm
2 Answers from Attorneys
George Savage
George S. Savage, P.A.
Re: S corporation filing deadline??
You have 75 days after the corporation begins business to elect Subchapter "S" status. However, there is a revenue ruling that may allow you to seek approval of such election after the 75 days has expired.
Good luck.
Answered on 12/11/02, 7:10 pm
Alexander M. Rosenfeld
Rosenfeld & Stein, P.A.
Re: S corporation filing deadline??
no, it is not to late.
Answered on 12/10/02, 7:38 pm
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