Business services
S-Corp Election (Form 2553)
Cut self-employment tax by having your LLC taxed as an S-Corporation.
An S-Corp election lets an LLC or corporation be taxed as an S-Corporation. Owners who work in the business pay themselves a reasonable salary and can take the rest of the profit as distributions, which are not subject to self-employment tax. We prepare IRS Form 2553, collect every owner's consent signature and file it with the IRS for you.
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How it works
Answer a few questions about your company and owners
We prepare Form 2553 and send it for signatures
We file with the IRS and track the acceptance letter
S-Corp Election (Form 2553) — frequently asked questions
Does the IRS charge to file Form 2553?
No. The IRS does not charge a filing fee for Form 2553. Our fee covers preparing the form, collecting signatures, filing it and tracking the IRS acceptance.
When does Form 2553 have to be filed?
To take effect for the current tax year, it must be filed no later than 2 months and 15 days after the start of that tax year — for most companies, by 15 March. A new company has 2 months and 15 days from its formation date. Late elections can often be accepted with a reasonable-cause statement, which we include.
Is an S-Corp right for me?
It usually starts to save money once your business profit is roughly $60,000–$80,000 a year or more, because you will also need to run payroll for your own salary. Below that, the extra costs can outweigh the savings. Speak to your accountant if you are unsure.
Can a non-US resident own an S-Corp?
No. S-Corporation owners must be US citizens or US tax residents. A company with a non-resident owner cannot make or keep an S-Corp election.
How long until the IRS confirms?
The IRS typically sends its acceptance letter (CP261) within about 60 days of filing.
Ready to get started?
Order in about two minutes. Our US filing team takes it from there.
Order S-Corp Election (Form 2553) — $50