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Discussion Forum Index --> Advanced Tax Questions --> S-corp election for single member llc
Discussion Forum Index --> Tax Questions --> S-corp election for single member llc
LWB (talk|edits) said:
| 25 September 2007
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| My husband and wife clients have a two member LLC that elected s-corp status several years ago. The wife has just recently died, leaving husband as sole, single member of the llc. Since s-corp status is already in place for the two member llc, do I need to file any paperwork with the IRS to continue s-corp status for the now single member llc?
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Taxref (talk|edits) said:
| 25 September 2007
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| Nothing would be needed for the IRS. Your state may require updated information.
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Kevinh5 (talk|edits) said:
| 25 September 2007
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| and you're sure that the husband inherited the wife's share? He could be in business with the young tennis pro now.
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Phil Moody (talk|edits) said:
| 26 September 2007
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| Be sure to continue treating it as an Scorp, and not a single member LLC disregarded entity.
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