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What actions should you take before filing. Web how it works as a small business owner, your tax classification isn’t set in stone. Using tax form 2553, a qualifying business can make the s corporation election under section 1362(a). Web 2553 form (under section 1362 of the internal revenue code) (rev. A corporation or other entity. Web how to file form 2553. Web form 2553 is used by limited liability companies (llcs) and corporations to elect the s corporation (s corp) tax classification with the us internal. December 2007) department of the treasury internal revenue service election by a small business corporation (under section 1362 of the. Web how is tax form 2553 used? The form should be filed before the 16th day of the. Web form 2553 is used by qualifying small business corporations and limited liability companies to make the election prescribed by sec. December 2017) (including a late election filed pursuant to rev. Business owners can fill it. So if you want your business to be taxed as an s corportion (s corp), you’ll. Web irs form 2553 is an election to have your business entity recognized as an s corporation for tax purposes.