Form 2553 is filed by any corporation or other entity eligible to elect to be treated as a corporation to make an election to be an S Corporation. It is not an annual form. Form 2553 should be filed no more than two months and 15 days after the beginning of the tax year the election is to take effect, or at any time during the tax year preceding the tax year it is to take effect.
Form 2553 – Election by a Small Business Corporation
Updated on September 8, 2020