NASSAUSUFFOLK

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  • 1.  Bad ID number

    Platinum Most Valuable Member
    Posted 03-09-2023 11:32 AM

    A client had an LLC (organized in 2002) and we applied for S Corp status in January, 2022.  We didn't hear anything from IRS or NYS, thinking they there behind in all correspondence.  We started paying withholding and elected PTET (We had no problem electing PTET).

    My client is here to elect PTET again and there is a problem.  NYS had no record of the election.  We faxed them copies of the election.  Then we decided to call IRS (we got through quickly).  But there we discovered the EIN was for his sole proprietorship. They said we had to get a new ID number.

    Any solutions to this?

    Thanks,



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    Michael Rubinstein
    Michael D. Rubinstein CPA, PC
    North Bellmore NY
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