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The IRS Form That Can Save You Thousands (2553)
Don’t dissolve your LLC—you don’t need a new company to become an S corporation. You keep the same EIN, same bank account, same name. All you’re doing is upgrading the tax treatment. Here’s how it works: • File IRS Form 2553 to elect S corporation status. • Under Rev. Proc. 2013-30, you can backdate the election as far back as ...
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The #IRS encourages you to take steps now to prepare for the upcoming filing season. IRS.gov/GetReady can help. A little advance work preparing paperwork and organizing information now can help with filing tax returns quickly and accurately. | IRS
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