Ask your AI assistant about the S corp election

S corp election (Form 2553) rules

Explains the federal S corporation election on IRS Form 2553: who is eligible, the on-time deadline and Rev. Proc. 2013-30 late-election relief (including the required wording), shareholder consent and wet-ink signatures, and how to file and prove filing (fax, certified mail, CP261).

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Form 2553 deadline calculator

Calculates the Form 2553 deadline for an S corp election to take effect on a given date (the first day of the tax year, or the day a new business began), including the weekend and holiday rule, and whether a filing today is on time, late but within Rev. Proc. 2013-30 relief, or past it.

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Where to file Form 2553 (fax and address)

The IRS service center, fax number and mailing address for Form 2553 for a business in a given US state, DC or territory: the address the IRS instructions print, plus the street address of the same center that USPS Certified Mail can validate.

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Does my state need its own S election?

Whether a US state requires its own S corporation election after federal Form 2553, and any state paperwork or entity-level tax that still applies (New York's Form CT-6, New Jersey, Georgia, DC, Tennessee, New Hampshire and the rest).

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S corp tax savings estimate

Estimates one year's federal tax effect of an S corp election for a business owner: self-employment tax without the election versus payroll tax on a reasonable salary with it, minus the income-tax offset (smaller payroll-tax deduction and lost QBI deduction) and the added cost of running an S corp. Uses 2026 Social Security and Medicare figures.

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FileMyScorp services and prices

FileMyScorp's Form 2553 filing service and its one-time prices by delivery method (fax, USPS Certified Mail with tracking, or both), what is included, and the flat per-client rate for tax professionals.

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Link to FileMyScorp's Form 2553 service

Returns the link to FileMyScorp's website for having Form 2553 prepared and sent, or to the tax-professional sign-up page. It only returns a link; it does not start a filing or take payment.

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Search FileMyScorp's guides

Finds FileMyScorp's plain-English guides on S corporations and Form 2553 by topic, e.g. 'late election', 'reasonable salary', 'S corp vs LLC', 'CP261', 'state election', 'basis'. Returns titles, summaries and links.

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