Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-07-2015, 04:25 PM
Junior Member
 
Join Date: Mar 2015
Posts: 1
Filed as C-Corp but is S-Corp, how to correct

Hi, I filled my corporation tax return as C-Corporation but the federal returned as it has been elected as S-Corporation. How can I make the correction on the State (Massachusetts)?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 03-08-2015, 02:25 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by nandafmoraes View Post
Hi, I filled my corporation tax return as C-Corporation but the federal returned as it has been elected as S-Corporation. How can I make the correction on the State (Massachusetts)?
your corp is an S corp NOT an C corp so, They will send it back to you since your 2553 election means you can't file a C corp return, form 1120.or they would make the correction for you;then, let the IRS make the correction, then review the corrected return by asking for a copy of the tax transcript. After evaluating it, you may want to amend it.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
C Corp never filed taxes Zogjones C-Corporation 2 08-07-2013 05:19 PM
Shouldn't have filed Schedule C - how to correct? rtaa Income 1 05-02-2013 03:27 AM
Client filed me as 1099 instead of corp-to-corp annieef S-Corporation 6 12-29-2011 02:12 PM
How do you correct a previously filed Form 941 if you have found an error? TaxGuru Miscellaneous 0 09-24-2009 08:19 PM
How do you correct a tax return that was not correctly filed? aron Miscellaneous 1 04-04-2007 08:19 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.