Create an S-election revocation memo documenting Section 1362(h) relief requirements for a C-corp that missed shareholder consent deadlines on newly issued shares

Generate create an s-election revocation memo documenting section 1362(h) relief requirements for a c-corp that missed shareholder consent deadlines on newly issued shares for Accounting, Tax Preparation, Bookkeeping, and Payroll Services industry

Accounting, Tax Preparation, Bookkeeping, and Payroll Services

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Upload the original Form 2553 and any related correspondence establishing the S corporation election
Describe the specific circumstances of how and when shareholder consent was not obtained for newly issued shares
Select the primary basis for requesting relief under Section 1362(h) and related regulations
Indicate how this revocation would affect different shareholder classes
Select the tax year(s) when the consent failure occurred
Enter the post-issuance ownership percentages for all shareholders affected by the consent failure
Describe the legitimate business purpose for the share issuance and why maintaining S corporation status serves shareholder interests
Indicate the type of tax professional involvement in the consent process
Select the corporation's revenue level that affects Section 1362(h) reasonable cause determination
List any other relevant compliance factors that strengthen the Section 1362(h) relief request