How to Fill Out IRS Form 2553

If you want to be taxed as an S-Corporation, you will need to file IRS Form 2553 to make the election.
If you did not file the IRS form 2553 timely (within 2.5 months), then you will need to make "late election" which can be done and is covered in the video using IRS revenue procedure 2013-30.
IRS Form 2553: www.irs.gov/pub/irs-pdf/f2553...
---------------------------
EA Tax Resolutions Website: eataxresolutions.com/?...
🤵If you are looking to schedule an appointment for business tax services with Ebony, please use the link below. calendly.com/ebony-eataxresol...
--------------------------
🔴 How to Match QuickBooks Balance Sheet to S-Corp Tax Return - Distribution: • How to Match QuickBook...
🔴Is the S Corp a Good Option. • Is the S Corp a Good O...
🔴Beginning a new S Corp Tax Return Preparation: • Beginning a new S Corp...
///
Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
#IRS #2553 #S-Corporation

[@shalomavraham4910]

What about part 3 of form 2553

[@dross0123]

In regards to filing in a community property state, does the other spouse still have to sign as a consenting spouse in Part 1 Section J-N even if only one spouse is listed as the sole member of the SMLLC?

[@stephanietobin175]

Online this form has 4 pages but he video only goes over the first two pages. Are you not required to include pages 3&4 if they do not apply to your situation? Thanks!

[@jmben06]

I found the IRS instructions: www.irs.gov/pub/irs-pdf/i2553.pdf Good luck!

[@Team8LA]

?! Who uses fax after 2000? IRS??

[@eataxresolutions]

That is correct. Actually its "e-fax" that we use.