Discussion:Filing Form 1120S
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Discussion Forum Index --> Advanced Tax Questions --> Filing Form 1120S
Discussion Forum Index --> Tax Questions --> Filing Form 1120S
Janakpatel (talk|edits) said: | 18 February 2008 |
| LLC filed a Form 1065 in 2006, same entity changed to S corp in 2007. I am filing a Form 1120S using same EIN used by LLC. Is there a final return to be filed for LLC? | |
| 18 February 2008 | |
| I'm assuming the LLC is electing to be taxed as an S-corp. There is NO final return to be filed by the LLC. The LLC is just electing to be taxed as an S-corp. | |
Scottycoyote (talk|edits) said: | 18 February 2008 |
| sung is correct, the business hasnt ended just changed entity.......hopefully an 8832 and 2555(i think, whatever the s-corp election form is) was filed. | |
Janakpatel (talk|edits) said: | 18 February 2008 |
| Thanks SunGod. I had only one confusion, that in my Form 1120S balance sheet I do not have any opening balaces,
But I think that's the way it should be. | |
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