<P> The S corporation election must typically be made by the fifteenth day of the third month of the tax year for which the election is intended to be effective , or at any time during the year immediately preceding the tax year . Congress has directed the IRS to show leniency with regard to late S elections . Accordingly , often , the IRS will accept a late S election . </P>
<P> The S corporation election must typically be made by the fifteenth day of the third month of the tax year for which the election is intended to be effective , or at any time during the year immediately preceding the tax year . Congress has directed the IRS to show leniency with regard to late S elections . Accordingly , often , the IRS will accept a late S election . </P>
when does s election have to be made
when does s election have to be made
by the fifteenth day of the third month of the tax year for which the election is intended to be effective , or at any time during the year immediately preceding the tax year
by the fifteenth day of the third month of the tax year for which the election is intended to be effective , or at any time during the year immediately preceding the tax year