Do you have non-employee shareholders (ie investors)? If not, it might be cheaper to elect S-Corp status and file as an S than it will be to continue doing your taxes as a C-corp.
(I'm almost certain that filing as an S-Corp is cheaper than as a C-Corp, but not as clear on the conversion cost, which might be trivial or might not.)
You need to talk to an accountant. Don't put this off. Being in the hole on taxes really, really sucks.
(I'm almost certain that filing as an S-Corp is cheaper than as a C-Corp, but not as clear on the conversion cost, which might be trivial or might not.)
You need to talk to an accountant. Don't put this off. Being in the hole on taxes really, really sucks.