Form 2553 - S-Corp
Form 2553, also known as "Election by a Small Business Corporation", is a tax form used by businesses previously structured as a C-corporation or limited liability company (LLC) to elect S-corporation (S-corp) taxation status. By filing this form, a corporation or eligible entity can elect to pass income, deductions, losses, and credits to its shareholders for federal tax purposes.
Form 2553, also known as "Election by a Small Business Corporation", is a tax form used by businesses previously structured as a C-corporation or limited liability company (LLC) to elect S-corporation (S-corp) taxation status. By filing this form, a corporation or eligible entity can elect to pass income, deductions, losses, and credits to its shareholders for federal tax purposes.
Form 2553, also known as "Election by a Small Business Corporation", is a tax form used by businesses previously structured as a C-corporation or limited liability company (LLC) to elect S-corporation (S-corp) taxation status. By filing this form, a corporation or eligible entity can elect to pass income, deductions, losses, and credits to its shareholders for federal tax purposes.