Entity elections and relief
Relief for elections that were missed or went wrong: late S corporation and entity classification elections, section 9100 relief, inadvertent terminations, and the EIN and accounting-period changes that come up in entity work.
Late S corporation election relief under Rev. Proc. 2013-30
Who qualifies for the simplified late Form 2553 procedure, what the filing must contain, and what the campus does with it.
Late entity classification election relief (Form 8832 and Rev. Proc. 2009-41)
The simplified procedure for a late entity classification election, which revenue procedure applies to which situation, and what the campus checks.
Section 9100 relief for missed regulatory and statutory elections
The automatic extensions under 301.9100-2, the letter ruling standards under 301.9100-3, and what a complete request contains.
Inadvertent S corporation terminations and invalid elections under IRC 1362(f)
What terminates or invalidates an S election, which problems need no ruling at all, and how a 1362(f) request is built.
S corporation reasonable compensation: what examiners look at
The rules and IRM procedures behind recharacterizing S corporation distributions as wages, and the factors the IRS and courts weigh.
EIN responsible party changes and Form 8822-B
Reporting a new responsible party on Form 8822-B, what the IRS checks, and when an ownership change means a new EIN instead.
Closing a business with the IRS: final returns, Form 966 and the EIN
The federal filings that close each type of business and how the IRS deactivates the EIN and filing requirements.
Changing a tax year with Form 1128: automatic approval, ruling requests and late filing
Which tax year changes are automatic, how the 25-percent gross receipts test works, the filing deadlines, and how the campus processes Form 1128.
Late QSub, ESBT and QSST elections under Rev. Proc. 2013-30
Deadlines for subsidiary and trust elections, what happens when they are missed, and the Rev. Proc. 2013-30 relief procedure for each.
Estate tax closing letters (Letter 627), requests for prompt assessment (Form 4810) and discharge of the executor from personal liability (Form 5495): what each one does and how the IRS processes it
The $56 Pay.gov closing letter and the free transcript alternative, the 18-month prompt assessment request under IRC 6501(d), and the nine-month executor discharge under IRC 2204 and 6905, with the IRM procedures for each.
Forms, tools and templates
Form 2553
The S corporation election: each item and part, the timing rules, where to mail or fax it, late-election relief, and how Entity processes it under IRM 3.13.2.
Form 8832
The check-the-box election: each line, effective date limits, the 60-month rule, mailing addresses, late relief and how Entity approves or denies it.