In this video I show you how to prepare and file Form 2553 with the IRS to have your LLC or Corporation taxed as an S Corporation. I'll walk you through the form step by step and give you some insights on things to keep in mind so you don't make mistakes and have the form rejected.

As a preview of what you can expect to see and learn, I’m going to show you:
Where to find the instructions
Where to find the form
How to complete the form, and while doing this, what things people often miss or where they make mistakes when completing this on their own.
How to complete the form if you live in a community property state – very important. Most people including CPAs and tax attorneys miss this.
Where to file and what method to use to send it to the IRS
How long it takes the IRS to process the form and what to do with your S Corp acceptance letter
What to do if you don’t receive the S Corp acceptance Letter

How to file LATE S Corp election video:    • How to file a LATE S Corp Election by...  

IRS Form 2553: https://www.irs.gov/pub/irspdf/f2553...
IRS Form 2553 Instructions: https://www.irs.gov/instructions/i2553

Useful Links:

Website: https://navimarajcpa.com/

Enroll In My Course Small Business Taxes: From Knowing Nothing to Savings Thousands: https://navimarajcpa.com/learn/

Setup your LLC or Corporation for FREE:
FileYourBusiness.com: https://www.fileyourbusiness.com/
Inc Authority: http://bit.ly/incauthoritycoupon
IncFile: http://bit.ly/incfilecoupon
ZenBusiness: http://bit.ly/zenbusinesscoupon

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This video was created for informational purposes and it is not to be construed as legal and tax advice specific to your unique situation. Some of the links above are affiliate links which means that if you purchase a product or service with the provided link, I may receive a commission with no additional cost to you.

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