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Tax, SDIRAs & Cost Segregation

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Joseph Almeida
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LLC bank account while being recognized as a S-Corp

Joseph Almeida
Posted Mar 19 2024, 16:25

I formed my business as a LLC in November 2022 my accountant then formed an S-Corp with the same business name in march 2023 NY state back dated my S-Corp to November 2022 I didn't know I needed to open a new bank account with my new S-Corp tax ID #. I used the LLC bank account all 2023 and now my accountant is saying I need to file under the LLC which the difference in what I will owe is $9600.00 filing as an LLC as apposed to filing as a S-Corp which i would owe $2000.00.

Is there anyway to file as an S-Corp or am I stuck?

Thanks in advanced.

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