Form 2553

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Form 2553

A form that a small business files with the IRS to be treated as an S-corporation for tax purposes.
References in periodicals archive ?
1362(g) did not apply and the corporation would be deemed an S corporation from the time the new S election was filed, if Forms 2553 and 8869 were filed within 60 days of the ruling.
The IRS found that the company established reasonable cause for failing to make both the S corporation and the QSub elections and granted it a 60-day extension to file Forms 2553 and 8869.
To achieve this, the corporation is required to file Forms 2553 and 1128 with the proper IRS office.