Missed March 15 S-corp election deadline - any late relief options?

I screwed up bad. Formed my LLC in January 2024 and was planning to elect S-corp status to save on self-employment taxes. My CPA told me I needed to file Form 2553 by March 15 to be effective for this tax year.

Long story short, things got busy with product launch and I completely missed the deadline. It's now July and I'm realizing I'm going to get killed on SE taxes if I can't fix this.

Are there any late election relief options? Or am I stuck paying full SE tax for 2024?

Just circling back to this thread since we're in tax planning season. For anyone reading this in late 2024 who wants S-Corp election for 2024, teh deadline is March 15, 2024 (or within 2 months and 15 days of forming your LLC if you form in 2024).

Set a calendar reminder NOW. Seriously, I can't tell you how many clients miss this deadline every year and then we're scrambling with late election relief requests.

Also worth noting: the IRS has been more strict about granting late election relief in 2024. They're requiring more detailed explanations and documentation than in previous years. Don't assume you can just file late and get automatic approval.