What Documents Cannot be Signed Electronically?

With the development of technology, signing documents with an electronic signature has become widespread. Not all documents, nevertheless, can be electronically signed. Which papers can be electronically signed is governed by the Uniform Electronic Transactions Act (UETA) and the Electronic Signatures in Global and National Commerce Act (ESIGN).

There are some sorts of documents that cannot be electronically signed, according to UETA and ESIGN. These legal records contain testamentary trusts, codicils, and wills. This is due to the fact that these documents need witnesses and notarization, both of which cannot be done digitally.

Any document that needs to be recorded in a public land record is another kind of document that cannot be signed electronically. Deeds, mortgages, and other real estate documents fall under this category. These papers need to be signed ink-on-paper in front of a notary public.

In addition, electronic signatures are not permitted on court orders, summonses, or other legal papers. This is due to the fact that these documents require a handwritten signature under oath, which cannot be done online.

Do I then have to file both forms 8832 and 2553?

While Form 2553 is used to elect S corporation status for a corporation, Form 8832 is utilized to amend an entity’s tax classification. You only need to submit Form 2553 if you’re changing your entity’s tax classification from a C company to a S corporation. However, you must submit Form 8832 if you are altering the tax categorization to any other category of entity. How can I obtain a duplicate of my 2553 form?

You can ask the IRS for a copy of Form 2553 if you’ve misplaced yours. Request for Transcript of Tax Return Form 4506-T must be completed, and Form 2553 must be checked. To obtain a copy, contact the IRS by phone at 1-800-829-4933.

If you match the qualifications, you can still choose to be a S corporation until 2021. Your corporation must have no more than 100 shareholders who are all persons, estates, or specific kinds of trusts in order to be eligible. The shareholders in your corporation must all have the same rights and advantages, and there can be only one class of stock.

You must submit Form 2553 if you want to change your entity’s tax classification from an LLC to a S corporation. Form 8832 must be submitted if the tax categorization is being changed to another type of entity. Before making any changes to your entity’s tax classification, it’s crucial to thoroughly weigh your alternatives and speak with a tax expert.