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.
Attach to Form 2553 a statement describing the relevant facts and circumstances and, if applicable, the gross receipts from sales and services necessary to establish a business purpose. Instructions for Form 2553 (12/2020) (For use with the December 2017 revision of Form 2553, Election by a Small Business Corporation) Section references are to the Internal Revenue Code unless otherwise noted. Form 2553 (Rev. December 2017) Department of the Treasury Internal Revenue Service In order to become an S corporation, the corporation must submit Form 2553, Election by a Small Business Corporation signed by all the shareholders.
2553 form, See the Instructions for Form 2553 PDF for all required information and to determine where to file the form. Federal Form 2553 (Election by a Small Business Corporation) - 2025 ... 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. Form 2553 makes your S corporation election under section 1362.
2553 form, You provide the legal name, EIN, state and date of incorporation, the intended effective date, your tax year, and each shareholder’s details and signature. Learn when the S-Corp election makes sense for your LLC, filing deadlines for 2026, real tax savings examples, and how to file Form 2553 step by step.
