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  • Pa S Corporation Election And Shareholders Consent Rev-1640 Formspublications - 8 26 232

Get Pa S Corporation Election And Shareholders Consent Rev-1640 Formspublications - 8 26 232

REV1640 CT (103) REV1640 CT (103) PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF CORPORATION TAXES PA S UNIT DEPT. 280705 HARRISBURG, PA 171280705 PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF CORPORATION.

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How to fill out the PA S Corporation Election And Shareholders Consent REV-1640 FormsPublications - 8 26 232 online

Filling out the PA S Corporation Election and Shareholders Consent REV-1640 form is essential for corporations wishing to elect S Corporation status in Pennsylvania. This guide provides clear, step-by-step instructions to help users complete the form accurately and efficiently online.

Follow the steps to fill out the form correctly.

  1. Click 'Get Form' button to obtain the form and open it in your preferred online editor.
  2. Begin by entering the corporate name, address, city, state, and zip code at the top of the form. Ensure this information is accurate as it identifies your corporation officially.
  3. In Section B, list the names and addresses of each shareholder with an interest in the corporation’s stock. If you have more shareholders than the form can accommodate, attach a separate sheet.
  4. Provide the Pennsylvania account ID and federal identification number (EIN) for each shareholder listed. This information ensures proper tracking and taxation.
  5. State the tax period that the Pennsylvania S Corporation election will first become effective. Specify the beginning and ending dates of this tax period.
  6. In the consent section, ensure all shareholders sign to consent to the corporation being treated as a PA S Corporation. This section is crucial for the validity of your election.
  7. Have an authorized corporate officer sign the declaration of the corporation's election to S Corporation status, including their title and date of signing. This act formalizes the election.
  8. Verify all information on the form for accuracy and completeness before saving changes. You can download, print, or share the completed form as necessary.

Complete your PA S Corporation Election online today to ensure compliance with Pennsylvania tax regulations.

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An S corporation is subject to Pennsylvania corporate net income tax only to the extent of its built-in gains. Some states require an S corporation to make a separate S corporation election at the state level, but Pennsylvania no longer requires that.

A corporation or other entity eligible to be treated as a corporation files this form to make an election under section 1362(a) to be an S corporation.

All shareholders must consent to a subchapter S election. If an election is made within the first two months and 15 days of the tax year for which the election is to be effective, then any person who was a shareholder during that tax year must consent to the election (Reg.

Signature and consent of shareholder(s) who collectively own more than 50% of the number of issued and outstanding stock of the corporation, (whether voting or non-voting) Indication of the effective date of the revocation (or prospective date) Signature of person authorized to sign return.

All the shareholders must consent to the S corporation election. However, only one share more than 50% of the outstanding stock is required to end the S corporation election.

How Often Do I Need to File Form 2553? Once a small business files Form 2553 and is approved by the IRS to be treated as an S Corp, the election remains valid, and the business owner does not have to file Form 2553 every year.

The corporation must be U.S. based. There cannot be any investors from other countries. You cannot have issued more than one class of stock. If you have already issued both common and preferred stock, you are not eligible for S Corporation elections.

The law states that an S corporation can have a maximum of 100 shareholders. There is no minimum number of shareholders. All the shareholders should be U.S. citizens. S corp shareholders who are not U.S. citizens must be U.S. residents.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232