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    2 Replies Latest reply on Dec 16, 2010 9:55 AM by HS_Accounting

    Too late to file S-Corp election for 2010?


      Hi - I have an LLC which has not been active for years.  I would now like to use the LLC for 2010 rather than having clients pay me as a 1099 contractor.  Is it too late to file for S-Corp status for 2010 so that I do not have to pay self-employment taxes for all of the fees collected?   I have been reviewing Form 2553 - not sure if I qualify under Revenue Procedure 2007-62 to apply retroactively.  Thanks for any help/guidance anyone can provide!