Form 2553 S Corporation Election - What you need to know...

This episode from Knott PLLC discusses the IRS Form 2553 "Election by a Small Business Corporation" and all of the unique nuances to the form. It covers the following topics:

1. What entities are eligible to make the election.
2. Why would an entity want to make an "S" corporation election?
3. Which fields to complete on the form and when to file.
4. Late filing procedures under Rev. Proc. 2013-30.
5. How does it change income tax reporting for the entity post-election?

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Видео Form 2553 S Corporation Election - What you need to know... канала Jason D. Knott