USA Entity conversion


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I have a client who was a C corp 4 years ago and then elected to S corp...but now what to return to a C corp. Can this be done? What issues will he face?
 
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May 31, 2010
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Hi,

Yes, you can request to Federal and the state to terminate S-Corporation election. Only the issue you will face that you cannot convert it back to an S Corporation for some time.

Regards,

InfoTaxSquare.com
 

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