Not sure where to start looking to figure this out.
Around 2 months ago I received a rejection notice from the IRS for my LLC about it being elected S-corp taxation (this was intentional).
The notice said it was rejected and I would remain taxation as a sole proprietor and that I must submit or do XYZ documents to be re-considered (which I never did).
Well, yesterday I received another notice from the IRS saying that my tax classification was ACCEPTED and I will be taxed as an S-corp which is exactly what I don't want.
Now I don't know if my entity is taxed as a sole proprietor or an s-corp because I have one document that says I am and one that says I am not.
Where would you begin looking for answers if you were in my shoes?
Around 2 months ago I received a rejection notice from the IRS for my LLC about it being elected S-corp taxation (this was intentional).
The notice said it was rejected and I would remain taxation as a sole proprietor and that I must submit or do XYZ documents to be re-considered (which I never did).
Well, yesterday I received another notice from the IRS saying that my tax classification was ACCEPTED and I will be taxed as an S-corp which is exactly what I don't want.
Now I don't know if my entity is taxed as a sole proprietor or an s-corp because I have one document that says I am and one that says I am not.
Where would you begin looking for answers if you were in my shoes?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
