IRS Form 2553, Election by a Small Business Corporation, also known as the S Corporation Election Form, is a form filed with the Internal Revenue Service (IRS) by a corporation in order to elect, under section 1362(a), to be an S corporation. The form is issued by the IRS and was last revised on December 1, 2017.
The original election must be sent or faxed to the IRS Center listed below. If the corporation chooses to file this form by fax, they must keep the original Form 2553 with their permanent records. Corporations may use a fillable IRS Form 2553 that is available below. The IRS provides specific instructions for the form.
A corporation or another entity eligible to be treated as a corporation is required to use the IRS 2553 Form to elect, under section 1362(a), to be an S corporation. The income of an S corporation is generally taxed to the shareholders rather than to the corporation itself. However, it is still possible that an S corporation owes tax on a certain income.
The form may be completed and filed at any time during the tax year that precedes the tax year when the election will take effect. If the election is being made on the same tax as the election, the deadline is 2 months and 15 days after the beginning of that tax year.
This form consists of four (4) parts. In order to make the election, follow these instructions for filing Form 2553:
If the corporation's principal office is located in: Connecticut; Delaware; District of Columbia; Florida; Indiana; Maine; Maryland; Massachusetts; New Hampshire; New Jersey; New York; North Carolina; Ohio; Pennsylvania; Rhode Island; South Carolina; Vermont; Virginia; or West Virginia, use the following address or fax number: Department of the Treasury, Internal Revenue Service Center, Cincinnati, OH 45999, Fax: (855) 270-4081
If the corporation's principal office is located in: Georgia; Illinois; Kentucky; Michigan; Tennessee; or Wisconsin, use the following address or fax number: Department of the Treasury, Internal Revenue Service Center, Kansas City, MO 64999, Fax: (855) 887-7734
If the corporation's principal office is located in: Alabama; Alaska; Arizona; Arkansas; California; Colorado; Hawaii; Idaho; Iowa; Kansas; Louisiana; Minnesota; Mississippi; Missouri; Montana; Nebraska; Nevada; New Mexico; North Dakota; Oklahoma; Oregon; South Dakota; Texas; Utah; Washington; or Wyoming, use the following address or fax number: Department of the Treasury, Internal Revenue Service Center, Ogden, UT 84201, Fax: (855) 214-7520.
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