How to Fill out IRS Form 2553 | S Corp Election | Complete Instructions

Video Description

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 🔗Useful Links: Ready to save THOUSANDS in taxes? Enroll in my course here ➔ https://navimarajcpa.com 📁 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 If you learned something from this video, please like and subscribe and follow me on my various social media handles below. If you would like to contact me with a specific question, please visit my website or leave me a comment. Website: https://www.navimarajcpa.com Email: [email protected] Instagram: https://www.instagram.com/navimarajcpa/ LinkedIn: https://www.linkedin.com/in/navimarajcpa/ Twitter: https://twitter.com/NaviMarajCPA Facebook: https://www.facebook.com/Navi-Maraj-CPA-PLLC-107003020774608/ 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. © Navi Maraj CPA PLLC. All rights reserved. #form2553 #scorp #entrepreneur