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Discover the top toolbar and text the available features to modify, annotate, sign and improve your file.
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Select to make your file accessible by the link and share it with other parties.
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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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How much does it cost to file form 2553?

IRS Form 2553 does not have a filing fee, however, a business owner should be aware that there can be some other costs associated with electing to be taxed as an S Corp. For example, if the company is using business purpose to justify its fiscal year, it will incur a $5,800 fee following filing Form 2553.

Should I fax or mail form 2553?

Generally, send the original election (no photocopies) or fax it to the Internal Revenue Service Center listed below. If the corporation (entity) files this election by fax, keep the original Form 2553 with the corporations (entitys) permanent records.

Can I fill out form 2553 online?

You need to file Form 2553, Election by a Small Business Corporation to be treated as an S corporation by the IRS. You may file the form online, but only from the ElectSCorp website.

Is it free to file form 2553?

There is no cost to file Form 2553 with the IRS. However, certain special conditions may incur a fee . For example, if your company is using business purpose to justify their fiscal year, you will be required to pay a $5,800 fee after filing Form 2553.

Can I still elect S Corp status for 2022?

What about the 2022 S Corp election deadline? To be considered an S Corporation for tax purposes in all of 2022, existing LLCs and C Corporations that follow a January 1December 31 tax year had to submit an IRS Form 2553 by March 15, 2022 (two months and 15 days after the start of the 2022 tax year).

Is it free to file form 2553?

There is no cost to file Form 2553 with the IRS. However, certain special conditions may incur a fee . For example, if your company is using business purpose to justify their fiscal year, you will be required to pay a $5,800 fee after filing Form 2553.

How can I get a copy of my 2553 form?

How Do I Get a Copy of My Form 2553? First, make sure youre authorized to conduct business transactions on behalf of the corporation. Next, call the IRS Business and Specialty Tax line at 1-800-829-4933, which offers services to small businesses looking for tax assistance. Request a copy of Form 2553.

How do I apply for 2553?

Step 1: Check S Corp Eligibility. The following statements must be true in order to elect S corp status: Form 2553 was filed on time by an eligible business entity. Step 2: Check Form 2553 Due Dates. You must file form 2553: Step 3: Complete and File Form 2553. Start by accessing Form 2553 PDF on the IRS website.

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Discover how to Launch Elect Form For Free in a few simple steps

Here's how you can easily Launch Elect Form For Free with DocHub:

PDF editing simplified with DocHub

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