After termination or revocation can a corporation , re-elect S corporation status?

Category : S Corporaiton Election
Posted On : 29th Aug 2009

Can an entity restore terminated election of a s corporation?

  • A corporation may not re-elect S corporation status until the 5th year after the year in which the termination or revocation became effective.
  •  One the statute of limitations are finished, you have to file a s corporation election with the IRS and the state if applicable.
 
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Brenda McCabe

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I have obtained a cigar license in Maryland through my business, House of Time, Inc. I was not sent any type of license to display. The companies I buy cigars from are asking me for a copy of my license. I do not have one. My license number is: 10751. This number I was given over the phone. Where can I get proof of my license to send to these companies? Please reply through my email. Thank you, Brenda McCabe

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Reply from: infotaxsquare.com | 2010-04-11

Dear  Brenda McCabe:

 Number is not enough to prove that you have been registered with the state. You must receive the certificate which should be displayed at your location.

If you need any assistance please either call us at 516.822.3100 or email me  at support@infotaxsquare.com

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