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Posted by Paul Thomas on April 15, 2008, 9:21 pm
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> Does any one know the wording
> when someone files and 2553 Late
"Oh shit, I screwed up" ??
Maybe not the best choice, but most likely the truth.
How's this:
"Shareholder(s) fully intended to elect "S" status from the beginning,
shareholder(s) relied upon the services and advice of their
lawyer/accountant and thought that the lawyer/accountant filed all the
necessary documents to elect "S" status, shareholder(s) and the corporation
operated the business as if the "S" election was valid and in place"
.......etc and so on.
Be as factual and truthful as you can.
--
Paul A. Thomas, CPA
Athens, Georgia
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