Submit Form 2553 to apply for S corp status. A late election is when a business entity files Form 2553 after the deadline has passed.The deadline for filing Form 2553 is typically within 75 days. Learn how to file Form 2553 for your S Corp application, gain tax advantages, and understand the 1120S filing process with this comprehensive guide. Corp treatment avoids doubletaxation. It is generally the best choice for small businesses. Fill out and file form 2553 with the following: EIN for your company. In this guide, you'll find information on naming your corporation, getting a Registered Agent, the fees you'll need to pay, business taxes and much more. This kit will provide step-by-step instructions as well as samples of the documents necessary to create your entity in Nevada and make the federal s-election. IRS Form 2553, Sub Chapter S Corporation Election application preparation and filing service is available.