Where to File Form 2553: The Complete Guide
You’ve decided to take the S-Corp election for your business. You don’t want double taxation and you want to make sure you lower your tax … Read More
S-Corp Election Form: The Ultimate Guide [Step by Step]
Before you can apply for S-corp status, you must complete IRS Form 2553. Generally, this form must be filed within two months of the start … Read More
What is IRS form 2553 used for?
Setting up an S-Corporation is not the same as setting up a regular C-Corporation. It is still important to know the differences between these two … Read More
Form 2553 Election: How to File
The IRS Form 2553 is required for the filing of a business’s tax return. While most businesses use the calendar year, S corps can use … Read More
Filing Form 2553 Late: How to Mitigate Penalties [IRS Tips + Rules]
Taxpayers who owe more than $1,000 to the IRS can be penalized. Making all of your payments throughout the year will help you avoid penalties. … Read More
How to Set up an S Corporation: A Step by Step Guide
An S corporation is a special type of business entity that offers several tax benefits. By setting up your company as an S corporation, you … Read More
S-Corporation Tax Benefits: The Ultimate Guide
A subchapter S corporation (S corporation) is a type of business structure that offers some advantages over other types of corporations. An S corporation can … Read More
S-Corp Acceptance Letter: Everything You Need to Know
Have you ever seen an S-Corp acceptance letter? We’ll show you one later in this post. By now you probably know of all the benefits … Read More
S-Corp Election: The ‘How to’ Guide
Small business owners put a lot at risk depending on their business structure. Protecting your personal assets often becomes a serious consideration, and of course, … Read More
Form 2553 Due Date: Here is the Filing Deadline [+ Penalties]
If you want to elect the S-Corp status on your tax return, you have a limited time to do so. If you miss the due … Read More