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  • 1.  NYS LLC to Sub-S

    Posted 10-23-2017 09:01 PM
    This question is regarding a single member LLC filing as a " C" for many past years.
    I know that if I file a 2553 I can elect to be treated as an 1120S in the future.
    However, what about NYS?  Can a CT-6 be filed for the same treatment in NY?  The CT-6 instructions make a requirement for NYS election that the entity must be a Corporation.  For this purpose, does an LLC qualify for CT-6 election?
    Thank you for your input,
    Kive

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    Kive I. Strickoff CPA
    KIVE I. STRICKOFF, P.C.
    Garden City NY
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  • 2.  RE: NYS LLC to Sub-S

    Silver Most Valuable Member
    Posted 10-24-2017 06:18 AM
    Yes you can elect NYS sub S as well. Company remains LLC as far as everything but income tax treatment, which is now a Sub S. Done it many times over the years.

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    Lawrence Prosky
    PROSKY & ROSENFELD, LLP
    Garden City NY
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    Original Message


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