Where to Mail Form 2553: A Complete Guide

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Where do I mail my 2553 form?
The service center will send Form 2553 to the IRS in Washington, DC, who, in turn, will notify the corporation that the fee is due. If the corporation makes a back-up section 444 election for which it is qualified, then the section 444 election will take effect in the event the business purpose request isn’t approved.
Read more on www.irs.gov

A qualifying corporation may elect to be taxed as a S corporation by filing Form 2553, also known as the Election by a Small Business Corporation. The Internal Revenue Service (IRS) has received the form, but to whom do you send it, exactly? This post will explain how to mail Form 2553 and provide answers to your other pertinent inquiries.

Address for Form 2553

Depending on the state in which your corporation is located, the postal address for Form 2553 must be changed. The IRS website or the Form 2553 instructions both have the right address. The IRS service center where you would typically file your tax return will receive the form by mail.

It’s crucial to remember that the IRS does not accept Form 2553 sent online or via email. To the correct IRS service center, the paperwork must be mailed or faxed.

faxing IRS Form 2553

Use the fax number provided in the form’s instructions to send Form 2553 if you’d rather do so than mail it. Be warned, though, that sending the form through fax does not ensure that the IRS will get it. It’s crucial to check in with the IRS later to be sure they received your faxed document.

How Much Does IRS Form 2553 Cost to File?

There is no direct fee for submitting Form 2553. Your entire tax obligation could be affected by your decision to be taxed as a S corporation. It is advised that you speak with a tax expert before making the choice to ascertain any potential tax repercussions for your company.

When must Form 2553 be submitted?

Depending on when you want the election to go into effect, there may be a filing deadline for Form 2553. The paperwork must be submitted no later than two months and fifteen days after the start of the tax year if you want the election to be valid for the current tax year. The paperwork must be submitted no later than two months and fifteen days following the end of the tax year if you want the election to be valid for the subsequent tax year.

Should an LLC submit Form 2553?

If an LLC is qualified to be a S company and files Form 2553, that is. However, not every LLC qualifies. The LLC must have no more than 100 stockholders, all of whom must be natural persons or specific kinds of trusts and estates, in order to qualify. The LLC must also fulfill additional requirements listed in the Form 2553 instructions.

For a qualifying corporation to be taxed as a S corporation, submitting Form 2553 is a crucial step. It is essential to mail the form to the appropriate IRS service center; faxing is an alternative but may not ensure receipt. Although there is no direct expense associated with filing the form, it is crucial to take into account any potential tax repercussions before making the choice. Not all LLCs are qualified to file Form 2553, and the filing deadline is determined by the date you want the election to go into effect.

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