About Form 2553, Election by a Small Business Corporation Form 2553 is used by qualifying small business corporations and limited liability companies to make the election prescribed by Sec 1362 A corporation or other entity eligible to be treated as a corporation files this form to make an election under section 1362 (a) to be an S corporation
Form 2553 Explained: S Corp Election Guide | TaxAct Form 2553 is the IRS form you file to elect S corporation status for your business In simple terms, it tells the IRS that you want your corporation or LLC taxed as an S corp rather than its default tax classification
How to Fill Out Form 2553 (w Examples) + FAQs Form 2553 is the IRS election form for S-Corp status, used to tell the IRS that your eligible corporation or LLC should be taxed as an S corporation (pass-through entity)
Electing S Corp Form 2553 Timeline: 2026 Guide - Uncle Kam The Form 2553 deadline for 2026 S corp elections has passed—but late relief is still available Learn the exact timeline, filing steps, and how much you could save in self-employment taxes
Form 2553: Complete S-Corp Election Guide | SDO CPA Form 2553 is the IRS form that elects S-Corporation tax status for your business Filing it changes how the IRS taxes your LLC or corporation, allowing you to split income between salary (subject to payroll tax) and distributions (not subject to self-employment tax)
Free IRS Form 2553 - PDF – eForms Form 2553 should be completed and filed by the fifteenth day of the third month of the tax year that the election is to take effect, or at any time during the year preceding the tax year that the election is to take effect