CLBHESQLLM
Expert Alumni

Self employed

Hi @tayloredurogyn, you generally have 75 days to make an S-corp election after starting a new entity. However, the IRS will allow you to make the request at another time by providing a reason that you did not do it within the initial period.  Only after the IRS has approved this election may you file as an S-Corp.  You will need to use Form 2553 to make this election.  You can find the application and instructions here: https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations

 

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