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Cheryl and Simone started their tech company on January 4th 2018 what is the last day...

Cheryl and Simone started their tech company on January 4th 2018 what is the last day they can file form 2553 in order to be taxed as an S corporation for the 2018 tax year

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Answer #1

Election to become an S-Corp must be made at any time, but must be made by the 15th day of the 3rd month of the tax year in order to be effective for that year. Any election made after that cannot become effective until start of the following tax year.

The answer is March 15th 2018

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