IRS Regulations Archives - Law Offices of McLaughlin & Associates

Reporting Change of Address or Responsible Party with the IRS

Aug 7, 2017 | Business, Corporate, Federal Law, IRS Regulations, United States

Beginning with 2014, it is mandatory that businesses report changes in responsible parties to the IRS. For non-publicly traded entities, a responsible party is the person who has a level of control over, or entitlement to, the funds or assets in the entity that as a practical matter enables the individual, directly or indirectly, to control,...

Relief for Late S-Election Under Rev. Proc. 2013-30

May 2, 2014 | Business, Corporate, IRS Regulations, S Corporation

In August 2013, the IRS issued Rev. Proc. 2013-30 that consolidates and simplifies rules provided previously. Taxpayers now have 3 years and 75 days from the date the S-election was originally intended to be effective to file a late S-election. No use user fee will apply. The election will be effective as of that intended date. To qualify for...

Law Offices of McLaughlin & Associates, P.C.

Reporting Change of Address or Responsible Party with the IRS

Relief for Late S-Election Under Rev. Proc. 2013-30

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