Aureus Advisory Partners
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Missed the S-Corp Election Deadline?
You May Still Have Options.
Many business owners discover S-Corp elections after the deadline has passed. Others believed the election was filed, only to learn later that it was never submitted or never approved. We help eligible businesses evaluate available relief options and navigate the late election process with confidence.
Ongoing S-Corp compliance support
Rev. Proc. 2013-30 relief assistance
Late election eligibility analysis
Election filing and documentation
S-CORP ELECTION
Missing the deadline is more common than most business owners realize
Late S-Corp elections happen every day. In many cases, the business owner was never informed about the election deadline. In others, the election was discussed but never filed, or the business began operating as an S-Corp without realizing the IRS had not approved it. You may benefit from a late election review if:
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Your LLC has been operating for months or years without an S-Corp election
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You recently learned about S-Corp tax savings after the filing deadline passed
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You believed your advisor filed Form 2553 but are unsure whether it was approved
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You have already filed tax returns and later discovered the election was never made
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You started running payroll but never received election confirmation
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Your business has been taking owner distributions without an approved S-Corp election
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You want to determine whether retroactive relief may still be available
Who we commonly support
We frequently assist:
Multi-member LLCs seeking S-Corp treatment
Consultants and professional service providers
Medical and healthcare practices
Contractors and service-based businesses
Businesses seeking retroactive S-Corp treatment
Agencies and creative firms
Single-member LLC owners
Real estate professionals
Built for business owners navigating a missed election.
S-Corp election services
Late election eligibility analysis
We review the facts surrounding your business, election history, and tax filings to determine whether relief options may be available.
Election filing and documentation
Our team coordinates the preparation and filing of Form 2553 and any accompanying statements needed to support the relief request.
Payroll and compensation review
We review payroll history, owner compensation, and operational considerations that may impact implementation of the election.
Revenue Procedure
2013-30 relief assistance
Many late elections are submitted under Revenue Procedure 2013-30. We help evaluate eligibility and prepare the supporting documentation required for submission.
Ongoing S-Corp compliance support
Once the election process is complete, we help establish the systems necessary to support payroll, bookkeeping, distributions, and long-term compliance.
Every late election begins with understanding what happened and where the business stands today.
We evaluate the facts and help implement a practical path forward.
What we evaluate during an S-Corp review
The objective is to determine the most practical and compliant path forward. Our review may include:
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Business formation date
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Intended S-Corp effective date
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Prior tax return filings
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Existing payroll activity
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Owner compensation history
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Distribution activity
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Entity structure and ownership
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IRS correspondence or notices
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Current bookkeeping records
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Future tax planning goals
Every late election begins with understanding what happened and where the business stands today.
Most late elections are not caused by negligence
Why late elections happen
Business owners are focused on serving customers, managing employees, generating revenue, and running daily operations. Many discover S-Corp planning only after the election deadline has passed. Others receive incomplete guidance that focuses on tax savings without explaining election timing requirements.
The good news is that the IRS recognizes that these situations occur. In certain circumstances, relief procedures may allow businesses to obtain S-Corp treatment even after the original deadline has passed. The key is understanding eligibility requirements and addressing the issue correctly.
Our process
Designed to give you clarity before any decision is made
1
Assessment
We review your entity history, election status, tax filings, and operational setup to determine whether relief may be available.
2
Review
Our team evaluates eligibility requirements, supporting documentation, implementation considerations, and any compliance concerns that should be addressed.
3
Implementation
We prepare and coordinate the election filings, supporting statements, and related documentation required for the relief process.
4
Ongoing support
Once approved, we help ensure your S-Corp structure is supported by appropriate payroll, bookkeeping, and compliance processes.
Frequently asked questions
Can I still elect S-Corp status if I missed the deadline?
Possibly. Many businesses qualify for relief under IRS procedures that allow late S-Corp elections when certain requirements are met.
What is Revenue Procedure 2013-30?
Revenue Procedure 2013-30 is the primary IRS guidance used to request relief for many late S-Corp elections. Eligibility depends on the facts and circumstances of the business.
How far back can a late election apply?
The answer depends on your situation, filing history, and available relief options. We evaluate this during the review process.
Will I need to amend tax returns?
In some situations, additional filings may be necessary. We review this as part of our assessment and implementation process.
Do you work with businesses outside of Texas?
Yes. We assist business owners throughout the United States and regularly work with businesses operating across multiple states.
Don't assume the opportunity is lost
Many business owners are surprised to learn that missing an election deadline does not automatically eliminate the possibility of S-Corp treatment. Our role is to evaluate your situation, explain your options, and help implement a practical solution that supports both compliance and long-term tax efficiency.
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This page is for general informational purposes only and does not constitute tax advice. Each situation must be reviewed individually.