Form 2553Business Returns
Election by a Small Business Corporation
Used to elect S-Corporation tax treatment. Must be filed within 2 months and 15 days of the start of the tax year to be effective for that year.
Who Files This Form
LLCs or C-Corps electing S-Corp tax status
Due Date
By the 15th day of the 3rd month of the tax year (March 15 for calendar year filers)
Important Notes
Once elected, S-Corp status stays in effect until revoked or terminated. All shareholders must consent. Strict ownership rules apply (100 shareholders max, US residents only).
Related Forms
Official IRS Source
Always download the current version and instructions from the IRS website before filing.
Educational Reference Only: This is general information about Form 2553, not tax advice. Form instructions change annually. Always download the current version from irs.gov and read the official instructions. Consult a qualified tax professional for your specific situation. Read full disclaimer →