What form is filed by a corporation to elect Subchapter S status?

Question

Question

Answer 1

Answer #1

What form is filed by a corporation to elect Subchapter S status?

Solution:-

The form was file by a corporation to elect the subchapter S status:-

=> It might be fundamental for the organization to record "IRS Form 2553"

=> so as to be treated as a S corporation for state income tax purposes.

=> must file the frame 2553 inside 75 days of your joining date.

Answer 2

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