Can I convert or elect C Corp be treated like S Corp

[stech]

c Corp created in Feb 2022. We are filing 2023. Can we elect to be treated like S Corp now? Or can it be next year now?

what’s are benefits of C Corp & S Corp

[DavidD66]

You can make an election to be treated as an S-Corporation by filing Form 2553, but only if all the tests are met under Who May Elect in the instructions.  You have missed the deadline for making the election for 2023; however, a late election may be made if you the qualifications.  Requirements for filing a late election are also detailed in the instructions.  Filling an S-Corp return - Form 1120-S and including Form 2553, if properly completed will probably result in the IRS granting S-Corp status.  For more information see Instructions for Form 2553

Tax treatment of S-Corps and C-Corps are very different, and too numerous to detail here.  What one person may view as a benefit, another might see as a detriment.  You will need to do some research or consult a tax professional for advice.  You can start with this IRS page on  Business structures