Tax Form 2553  
Form 2553 - Election by a Small Business Corporation

www.taxworld.org

Tax World
IRS Tax Forms
Contact Us


Form 2553

Tax World
The Directory of Major IRS Tax Forms

 

Election by a Small Business Corporation. Form 2553

Use Form 2553, Election by a Small Business Corporation, to:

  A corporation or other entity eligible to elect to be treated as a corporation must use Form 2553 to make an election under section 1362(a) to be an S corporation. An entity eligible to elect to be treated as a corporation that meets certain tests discussed below will be treated as a corporation as of the effective date of the S corporation election and does not need to file Form 8832, Entity Classification Election.

  The income of an S corporation generally is taxed to the shareholders of the corporation rather than to the corporation itself. However, an S corporation may still owe tax on certain income. For details, see Tax and Payments in the Instructions for Form 1120S, U.S. Income Tax Return for an S Corporation.


From Fedforms.Gov:
"Qualifying small business corporations use Form 2553 to elect to be an S corporation. This permits the income of the S corporation to be taxed to the shareholders rather than the corporation itself, with some exceptions."


DOWNLOAD Form 2553

This form may be downloaded directly from the IRS website. To open or download, in PDF format, simply click on the link below:

Form 2553

 



 

Resources
TaxWorld Mission
To provide easy to access information and resources to all tax payers and students of taxation systems.
Important Note
These pages should not be considered in any way to offer tax advice or similar. They are designed simply to aid navigation to the main IRS website.