Elect S-Corp Status Instantly with Form 2553

Stop paying double taxes. Use our smart, AI-assisted platform to complete your Election by a Small Business Corporation (Form 2553) accurately and securely.

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What is IRS Form 2553?

IRS Form 2553, Election by a Small Business Corporation, is the official document used by C-Corporations and eligible LLCs to elect "S-Corporation" tax status. By filing this form, your business avoids corporate-level double taxation, allowing income, deductions, and credits to pass directly through to shareholders' personal tax returns.

Crucial Deadline: You must file Form 2553 no more than 2 months and 15 days after the beginning of the tax year the election is to take effect, or at any time during the preceding tax year.

How It Works

Open the Form

Launch our secure Form 2553 editor directly in your browser.

Fill with AI

Answer simple questions while our AI maps them to the correct IRS fields.

Review & Sign

Add shareholder signatures securely online with one click.

Download PDF

Get your print-ready Form 2553 instantly to mail or fax to the IRS.

Start Your S-Corp Election

Detailed Form Walkthrough

Part I: Election Information

This is the core of the form. You'll provide your business name, address, EIN, and state of incorporation. Pro Tip: Ensure the name matches your IRS EIN assignment letter exactly to avoid processing delays.

Shareholder Consent

Every single shareholder must sign and date the consent section. You'll need their names, addresses, SSNs, and ownership percentages. The election is completely invalid without 100% consent.

Part II & III: Tax Years & Trusts

Most small businesses use a standard calendar tax year and can skip the complexities of Part II. Part III is only for businesses with Qualified Subchapter S Trusts (QSSTs) acting as shareholders.

Checklist: What You'll Need

✓Employer Identification Number (EIN)

✓Date of incorporation or LLC formation

✓State of incorporation

✓Effective date of S-Corp election

✓All Shareholders' SSNs or ITINs

✓Number of shares/percentage owned by each

Frequently Asked Questions

Can I file Form 2553 online?▼

You can easily fill out and sign Form 2553 online using our platform. However, the IRS currently requires the finalized Form 2553 to be submitted via mail or fax. We provide a print-ready PDF and the exact fax numbers/mailing addresses you need based on your state.

What happens if I miss the 2-month, 15-day deadline?▼

The IRS offers Late Corporate Classification Election relief under Rev. Proc. 2013-30. You can still file Form 2553 late by filling out a specific section at the bottom of Part I explaining your reasonable cause for missing the deadline.

Can an LLC file Form 2553?▼

Yes! An eligible LLC can file Form 2553 to be taxed as an S-Corporation. By filing Form 2553, the LLC is automatically electing to be classified as an association taxable as a corporation, so you don't need to file Form 8832 separately.

How long does it take to complete?▼

With all your shareholder information and EIN ready, completing Form 2553 on our platform takes less than 10 minutes.

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IRS Form 2553 - Election by a Small Business Corporation (S-Corp)