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Discussion Forum Index --> Tax Questions --> Change entity - EIN
Miinmansae (talk|edits) said:
| 30 May 2008
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| When we convert from C corp to S corp or S corp to C corp, do we need to file new EIN ?
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Uncle Sam (talk|edits) said:
| 30 May 2008
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| No - So long as the entity status (corp, partnership, etc) remains the same - no new EI # is needed. However, I would inform the IRS Entity Control Unit of the change - so IRS can update its records - so you wouldn't be filing 1120 and IRS looking for 1120S and visa versa.
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Belle (talk|edits) said:
| May 30, 2008
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| I agree with the need to notify the IRS - otherwise it causes efile issues.
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Tracey (talk|edits) said:
| 30 May 2008
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| To change from 1120C to 1120S, the 2553 needs to be filed with the IRS and they need to accept it to get the S-election. You cannot just file the 1120S tax return with out being accepted by the IRS as an SCorp or the IRS will not accept it. To go from C to S, the IRS needs to be notified, or you can just violate the S and the IRS will change the tax status for you.
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