S corporations - Internal Revenue Service
WEBAug 22, 2024 · Learn how to elect to be an S corporation and avoid double taxation on corporate income. Find out the requirements, filing procedures, and tax liabilities for S corporations and their shareholders.
About Form 2553, Election by a Small Business Corporation
WEBForm 2553 is the IRS form that a qualifying small business corporation or limited liability company files to elect to be treated as an S corporation. Learn about the eligibility, benefits, and filing requirements of this form, and where to find the latest revisions and instructions.
Instructions for Form 2553 (12/2020) - Internal Revenue Service
WEBJan 12, 2021 · Learn how to file Form 2553 to make an S corporation election if you are a domestic corporation or entity eligible to be treated as a corporation. Find out the tests, deadlines, and requirements for making the election and the …
What is an S Corp Election? A Guide for Small Businesses
WEBLearn what an S corp election is, how to file it with the IRS, and what benefits it can offer for your small business. S corp status lets you avoid double taxation, use simpler accounting rules, and transfer ownership easily.
What Is an S Corporation? Benefits, Drawbacks, How to Form
WEBAug 31, 2022 · An S corporation is a special tax designation for small businesses that can reduce personal liability and taxes, but also limit growth and complexity. Learn the pros and cons of an S-corp,...
S-Corp Requirements – Forbes Advisor
WEBJul 26, 2024 · An S-corp is a tax status classification that some businesses can elect to avoid double taxation and pass through income to shareholders. Learn the advantages, limitations and eligibility...
Electing S status by an LLC - The Tax Adviser
WEBApr 1, 2020 · Learn how an LLC can elect to be taxed as a corporation and then as an S corporation by filing Form 2553 and Form 8832. Find out the eligibility requirements, effective dates, and planning tips for making the S election.
S Corporation Election: Everything You Need to Know - UpCounsel
WEBSep 19, 2022 · Learn what an S Corporation is, how it differs from other business structures, and how to file an IRS tax election for it. Find out the advantages and disadvantages of S Corporation status, and how to avoid the recognition period tax.
How to Make an S Corporation Election - Wolters Kluwer
WEBMay 24, 2022 · Learn how to form a corporation and elect to be taxed as an S corporation (S corp) by filing Form 2553 with the IRS. Find out the eligibility, benefits, and deadlines of S corp status and the common mistakes to avoid.
How To Change An LLC To An S-Corp (2024 Guide) - Forbes
WEBApr 17, 2024 · Learn the benefits and requirements of converting your LLC to an S-corp, a tax election that can save you on self-employment taxes. Find out how to file IRS Form 2553 and change your business...