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Does an S corp need to file form 2553

 
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BrittanyS
Expert Alumni

Does an S corp need to file form 2553

Any corporation or other qualifying entity will need to file form 2553 to claim S Corp status.  If the 2553 is not received by the deadline, the filing status will not be eligible until the following tax year.  For more information, see the link below:

 

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Does an S corp need to file form 2553

No.  If it is already an S-corporation, Form 2553 is not required.

 

Form 2553 is only used to BECOME an S-corporation.

 

If Form 2553 was not filed, your business is not taxed as an S-corporation, unless you qualify for the special rules for a "Late Election" and file Form 2553 as soon as possible.

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