Get Irs 2553 1996

Filling out the IRS Form 2553 is an important step for a small business corporation to elect S corporation status under the Internal Revenue Code. This guide provides clear, concise instructions to help you complete the form online and ensure compliance.

Follow the steps to complete the IRS 2553 form efficiently.

1. Click ‘Get Form’ button to access the IRS 2553 form and open it for editing.
2. In Part I, provide the corporation's name and employer identification number (EIN) in the designated fields. Ensure all information is accurate and matches official records.
3. Enter the corporation's business address, including the street address, city, state, and ZIP code. If using a P.O. box, follow the specific instructions provided.
4. Indicate the date the corporation was incorporated and the state of incorporation. This information is essential for IRS records.
5. Specify the date you wish the S corporation election to take effect, completing the field for the tax year beginning.
6. Provide the name and title of the officer or legal representative whom the IRS can contact for further information. Include a valid telephone number.
7. If applicable, indicate if there has been any change in the corporation's name or address since obtaining the EIN by checking the respective box.
8. List the dates and number of shares owned by each shareholder as well as their social security numbers or EINs as required by the form.
9. Obtain signatures from all shareholders, acknowledging their consent to the S corporation election. Sign and date the forms as needed.
10. In Part II, if you are requesting a fiscal tax year, complete the necessary sections as per your corporation's needs, indicating if you're adopting, retaining, or changing the tax year.
11. Review all entered information for accuracy before saving your changes. You can then download, print, or share the completed form as required.

Finish your documents online today to ensure your S corporation election is processed promptly.