<P> The S corporation election must typically be made by the fifteenth day of the third month of the tax year for which the election is intended to be effective , or at any time during the year immediately preceding the tax year . Congress has directed the IRS to show leniency with regard to late S elections . Accordingly , often , the IRS will accept a late S election . </P>
when does s election have to be made
by the fifteenth day of the third month of the tax year for which the election is intended to be effective , or at any time during the year immediately preceding the tax year