Irs Form 2553 2024. Form 2553 is the form that you’ll file with the irs to elect s corporation status for your llc or corporation. Form 2553 is the irs (internal revenue service) tax form for s corporations.
Irs form 2553, or the election by a small business corporation, is pivotal. File form 2553 within 75 days of the date of incorporation /organization for newly formed entities.
Andi Smilessmall Business Financial Consultant.
Where to file your taxes (for form 2553) page last reviewed or updated:
Irs Form 2553 Is Used By C Corporations Or Limited Liability Companies (Llcs) Who Choose To Be Taxed As An S Corporation.
Irs form 2553 (under section 1362) is what helps you elect to be taxed as an s corporation instead of the default c corporation status.
So If You Want Your Business To Be Taxed.
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The Form Should Be Filed Before The 16Th Day Of The Third Month Of The Corporation's Tax Year, Or.
Its title is “election by a small.
How Do I Fill Out Form 2553?
Deadline for existing entities to elect s corporation status for tax year 2024 ( form 2553) march 30, 2024.
Irs Form 2553, Or The Election By A Small Business Corporation, Is Pivotal.