PDF document

- 1 -

Note: The Instructions forForm               2553 begins on the next 
page.

Where To File Form 2553 after 6/17/19

If the corporation’s principal business, office,     Use the following address  
          or agency is located in                        or fax number

Connecticut, Delaware, District of Columbia,       Department of the Treasury 
Georgia, Illinois, Indiana, Kentucky, Maine,       Internal Revenue Service 
Maryland, Massachusetts, Michigan, New             Kansas City, MO 64999  
Hampshire, New Jersey, New York, North Carolina, 
Ohio, Pennsylvania, Rhode Island, South Carolina,    

Tennessee, Vermont, Virginia, West Virginia,       Fax # 855-887-7734
Wisconsin

Alabama, Alaska, Arizona, Arkansas, California,    Department of the Treasury 
Colorado, Florida, Hawaii, Idaho, Iowa, Kansas,    Internal Revenue Service 
Louisiana, Minnesota, Mississippi, Missouri,       Ogden, UT 84201 
Montana, Nebraska, Nevada, New Mexico, North 
Dakota, Oklahoma, Oregon, South Dakota,  Texas,      

Utah, Washington, Wyoming                          Fax # 855-214-7520

- 2 -

Userid: CPM Schema: Leadpct: 100% Pt. size: 9.5 Draft Ok to Print
instrx
AH XSL/XML Fileid: … ns/I2553/201712/A/XML/Cycle05/source (Init. & Date) _______

Page 1 of 6 11:56 - 2-Dec-2017

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

Department of the Treasury
Internal Revenue Service
Instructions for Form 2553

(Rev. December 2017)
Election by a Small Business Corporation

Section references are to the Internal Revenue Code unless Regulations section 1.1361-1(m). For guidance on how to
otherwise noted. convert a QSST to an ESBT, see Regulations section
1.1361-1(j)(12). If these elections weren’t timely made, see
Future Developments Rev. Proc. 2013-30, 2013-36 I.R.B. 173, available at
For the latest information about developments related to IRS.gov/irb/2013-36_IRB#RP-2013-30.
Form 2553 and its instructions, such as legislation enacted 4. It has no nonresident alien shareholders.
after they were published, go to IRS.gov/Form2553. 5. It has only one class of stock (disregarding differences
Reminder in voting rights). Generally, a corporation is treated as having
only one class of stock if all outstanding shares of the
Simplified methods for a corporation (entity) to request relief corporation's stock confer identical rights to distribution and
for a late S corporation election, ESBT election, QSST liquidation proceeds. See Regulations section 1.1361-1(l) for
election, or corporate classification election are in effect. See details.
Relief for Late Elections.
6. It isn’t one of the following ineligible corporations.
a. A bank or thrift institution that uses the reserve method
of accounting for bad debts under section 585.
General Instructions b. An insurance company subject to tax under
subchapter L of the Code.
Purpose of Form
A corporation or other entity eligible to elect to be treated as c. A corporation that has elected to be treated as a
a corporation must use Form 2553 to make an election under possessions corporation under section 936.
section 1362(a) to be an S corporation. An entity eligible to d. A domestic international sales corporation (DISC) or
elect to be treated as a corporation that meets certain tests former DISC.
discussed below will be treated as a corporation as of the 7. It has or will adopt or change to one of the following tax
effective date of the S corporation election and doesn’t need years.
to file Form 8832, Entity Classification Election. a. A tax year ending December 31.
The income of an S corporation generally is taxed to the b. A natural business year.
shareholders of the corporation rather than to the corporation c. An ownership tax year.
itself. However, an S corporation may still owe tax on certain
income. For details, see Tax and Payments in the d. A tax year elected under section 444.
Instructions for Form 1120S, U.S. Income Tax Return for an e. A 52-53-week tax year ending with reference to a year
S Corporation. listed above.
f. Any other tax year (including a 52-53-week tax year)
Who May Elect for which the corporation establishes a business purpose.
A corporation or other entity eligible to elect to be treated as
a corporation may elect to be an S corporation only if it meets For details on making a section 444 election or requesting
all the following tests. a natural business, ownership, or other business purpose tax
year, see the instructions for Part II.
1. It is (a) a domestic corporation, or (b) a domestic entity
eligible to elect to be treated as a corporation, that timely files 8. Each shareholder consents as explained in the
Form 2553 and meets all the other tests listed below. If Form instructions for column K.
2553 isn’t timely filed, see Relief for Late Elections, later. See sections 1361, 1362, and 1378, and their related
2. It has no more than 100 shareholders. You can treat regulations for additional information on the above tests.
an individual and his or her spouse (and their estates) as one
shareholder for this test. You can also treat all members of a A parent S corporation can elect to treat an eligible wholly
family (as defined in section 1361(c)(1)(B)) and their estates owned subsidiary as a qualified subchapter S subsidiary. If
as one shareholder for this test. For additional situations in the election is made, the subsidiary's assets, liabilities, and
which certain entities will be treated as members of a family, items of income, deduction, and credit generally are treated
see Regulations section 1.1361-1(e)(3)(ii). All others are as those of the parent. For details, see Form 8869, Qualified
treated as separate shareholders. For details, see section Subchapter S Subsidiary Election.
1361(c)(1).
When To Make the Election
3. Its only shareholders are individuals, estates, exempt Complete and file Form 2553:
organizations described in section 401(a) or 501(c)(3), or No more than 2 months and 15 days after the beginning of
certain trusts described in section 1361(c)(2)(A). the tax year the election is to take effect, or
For information about the section 1361(d)(2) election to be At any time during the tax year preceding the tax year it is
a qualified subchapter S trust (QSST), see the instructions to take effect.
for Part III. For information about the section 1361(e)(3)
election to be an electing small business trust (ESBT), see For this purpose, the 2-month period begins on the day of
the month the tax year begins and ends with the close of the

Dec 02, 2017 Cat. No. 49978N

- 3 -

Page 2 of 6 Fileid: … ns/I2553/201712/A/XML/Cycle05/source 11:56 - 2-Dec-2017

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

day before the numerically corresponding day of the second diligent actions to correct the mistake upon discovery. This
calendar month following that month. If there is no information can be provided on line I of Form 2553 or on an
corresponding day, use the close of the last day of the attached statement.
calendar month. 1. The corporation intended to be classified as an S
Example 1. No prior tax year. A calendar year small corporation as of the date entered on line E of Form 2553;
business corporation begins its first tax year on January 7. 2. The corporation fails to qualify as an S corporation
The 2-month period ends March 6 and 15 days after that is (see Who May Elect, earlier) on the effective date entered on
March 21. To be an S corporation beginning with its first tax line E of Form 2553 solely because Form 2553 wasn’t filed
year, the corporation must file Form 2553 during the period by the due date (see When To Make the Election, earlier);
that begins January 7 and ends March 21. Because the 3. The corporation has reasonable cause for its failure to
corporation had no prior tax year, an election made before timely file Form 2553 and has acted diligently to correct the
January 7 won’t be valid. mistake upon discovery of its failure to timely file Form 2553;
Example 2. Prior tax year. A calendar year small business 4. Form 2553 will be filed within 3 years and 75 days of
corporation has been filing Form 1120 as a C corporation but the date entered on line E of Form 2553; and
wishes to make an S election for its next tax year beginning
5. A corporation that meets requirements (1) through (4)
January 1. The 2-month period ends February 28 (29 in leap
must also be able to provide statements from all
years) and 15 days after that is March 15. To be an S
shareholders who were shareholders during the period
corporation beginning with its next tax year, the corporation
between the date entered on line E of Form 2553 and the
must file Form 2553 during the period that begins the first day
date the completed Form 2553 is filed stating that they have
(January 1) of its last year as a C corporation and ends
reported their income on all affected returns consistent with
March 15th of the year it wishes to be an S corporation.
the S corporation election for the year the election should
Because the corporation had a prior tax year, it can make the
have been made and all subsequent years. Completion of
election at any time during that prior tax year.
Form 2553, Part I, column K, Shareholder's Consent
Example 3. Tax year less than 2 1/2 months. A calendar Statement (or similar document attached to Form 2553), will
year small business corporation begins its first tax year on meet this requirement; or
November 8. The 2-month period ends January 7 and 15 6. A corporation that meets requirements (1) through (3)
days after that is January 22. To be an S corporation but not requirement (4) can still request relief for a late
beginning with its short tax year, the corporation must file election on Form 2553 if the following statements are true.
Form 2553 during the period that begins November 8 and
ends January 22. Because the corporation had no prior tax a. The corporation and all its shareholders reported their
year, an election made before November 8 won’t be valid. income consistent with S corporation status for the year the S
corporation election should have been made, and for every
Relief for Late Elections subsequent tax year (if any);
The following two sections discuss relief for late S b. At least 6 months have elapsed since the date on
corporation elections and relief for late S corporation and which the corporation filed its tax return for the first year the
entity classification elections for the same entity. For corporation intended to be an S corporation; and
supplemental procedural requirements when seeking relief c. Neither the corporation nor any of its shareholders was
for multiple late elections, see Rev. Proc. 2013-30, section notified by the IRS of any problem regarding the S
4.04. corporation status within 6 months of the date on which the
Form 1120S for the first year was timely filed.
When filing Form 2553 for a late S corporation election,
the corporation (entity) must enter in the top margin of the To request relief for a late election when the above
first page of Form 2553 “FILED PURSUANT TO REV. PROC. requirements aren’t met, the corporation generally must
2013-30.” Also, if the late election is made by attaching Form request a private letter ruling and pay a user fee in
2553 to Form 1120S, the corporation (entity) must enter in accordance with Rev. Proc. 2017-1, 2017-1 I.R.B. 1 (or its
the top margin of the first page of Form 1120S “INCLUDES successor).
LATE ELECTION(S) FILED PURSUANT TO REV. PROC.
2013-30.” Relief for a Late S Corporation Election Filed By
an Entity Eligible To Elect To Be Treated as a
The election can be filed with the current Form 1120S if all
earlier Forms 1120S have been filed. The election can be Corporation
attached to the first Form 1120S for the year including the A late election to be an S corporation and a late entity
effective date if filed simultaneously with any other delinquent classification election for the same entity may be available if
Forms 1120S. Form 2553 can also be filed separately. the entity can show that the failure to file Form 2553 on time
was due to reasonable cause. Relief must be requested
Relief for a Late S Corporation Election Filed by within 3 years and 75 days of the effective date entered on
a Corporation line E of Form 2553.
A late election to be an S corporation generally is effective for To request relief for a late election, an entity that meets
the tax year following the tax year beginning on the date the following requirements must explain the reasonable
entered on line E of Form 2553. However, relief for a late cause for failure to timely file the election and its diligent
election may be available if the corporation can show that the actions to correct the mistake upon discovery. This
failure to file on time was due to reasonable cause. information can be provided on line I of Form 2553 or on an
attached statement.
To request relief for a late election, a corporation that
meets the following requirements must explain the
reasonable cause for failure to timely file the election and its

-2-

- 4 -

Page 3 of 6 Fileid: … ns/I2553/201712/A/XML/Cycle05/source 11:56 - 2-Dec-2017

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

1. The entity is an eligible entity as defined in Regulations
section 301.7701-3(a) (see Purpose of Form in the Form If the corporation's principal
Use the following
8832 instructions). business, office, or agency is
address or fax number:
located in:
2. The entity intended to be classified as an S
corporation as of the date entered on line E of Form 2553. Connecticut, Delaware,
3. Form 2553 will be filed within 3 years and 75 days of District of Columbia, Florida,
the date entered on line E of Form 2553. Indiana, Maine, Maryland, Department of the Treasury
4. The entity failed to qualify as a corporation solely Massachusetts, New Internal Revenue
because Form 8832 wasn’t timely filed under Regulations Hampshire, New Jersey, New Service Center
section 301.7701-3(c)(1)(i) (see When To File in the Form York, North Carolina, Ohio, Cincinnati, OH 45999
8832 instructions), or Form 8832 wasn’t deemed to have Pennsylvania, Rhode Island, Fax: (855) 270-4081
been filed under Regulations section 301.7701-3(c)(1)(v)(C) South Carolina, Vermont,
(see Who Must File in the Form 8832 instructions). Virginia, West Virginia
5. The entity fails to qualify as an S corporation (see Who Georgia, Illinois, Kentucky, Department of the Treasury
May Elect, earlier) on the effective date entered on line E of Michigan, Tennessee, Wisconsin Internal Revenue
Form 2553 because Form 2553 wasn’t filed by the due date Service Center
(see When To Make the Election, earlier).
Kansas City, MO 64999
6. The entity either: Fax: (855) 887-7734
a. Timely filed all Forms 1120S consistent with its
requested classification as an S corporation, or Alabama, Alaska, Arizona,
Arkansas, California, Colorado,
b. Didn’t file Form 1120S because the due date for the
Hawaii, Idaho, Iowa, Kansas,
first year's Form 1120S hasn’t passed. Department of the Treasury
Louisiana, Minnesota,
Internal Revenue
7. The entity has reasonable cause for its failure to timely Mississippi, Missouri, Montana,
Service Center
file Form 2553 and has acted diligently to correct the mistake Nebraska, Nevada, New
Ogden, UT 84201
upon discovery of its failure to timely file Form 2553. Mexico, North Dakota,
Fax: (855) 214-7520
8. The S corporation can provide statements from all Oklahoma, Oregon, South
shareholders who were shareholders during the period Dakota, Texas, Utah,
between the date entered on line E of Form 2553 and the Washington, Wyoming
date the completed Form 2553 is filed stating that they have
reported their income on all affected returns consistent with
the S corporation election for the year the election should
have been made and all subsequent years. Completion of Acceptance or Nonacceptance of
Form 2553, Part I, column K, Shareholder's Consent
Election
Statement (or similar document attached to Form 2553), will
meet this requirement. The service center will notify the corporation if its election is
accepted and when it will take effect. The corporation will
To request relief for a late election when the above also be notified if its election isn’t accepted. The corporation
requirements aren’t met, the entity generally must request a should generally receive a determination on its election within
private letter ruling and pay a user fee in accordance with 60 days after it has filed Form 2553. If box Q1 in Part II is
Rev. Proc. 2017-1 (or its successor). checked, the corporation will receive a ruling letter from the
IRS that either approves or denies the selected tax year.
Where To File When box Q1 is checked, it will generally take an additional
Generally, send the original election (no photocopies) or fax it 90 days for the Form 2553 to be accepted.
to the Internal Revenue Service Center listed below. If the
corporation files this election by fax, keep the original Form Care should be exercised to ensure that the IRS receives
2553 with the corporation's permanent records. However, the election. If the corporation isn’t notified of acceptance or
certain late elections can be filed attached to Form 1120S. nonacceptance of its election within 2 months of the date of
See Relief for Late Elections, earlier. filing (date faxed or mailed), or within 5 months if box Q1 is
checked, take follow-up action by calling 1-800-829-4933.
To find the latest mailing address or fax number for
TIP filing Form 2553, go to IRS.gov and enter "Where to If the IRS questions whether Form 2553 was filed, an
file Form 2553" in the search box. acceptable proof of filing is:
A certified or registered mail receipt (timely postmarked)
Private delivery services. You can use certain private from the U.S. Postal Service, or its equivalent from a
delivery services (PDS) designated by the IRS to file this designated private delivery service (see Notice 2016-30,
election. Go to IRS.gov/PDS for the current list of designated 2016-18 I.R.B. 676, available at
services. IRS.gov/irb/2016-18_IRB#NOT-2016-30 (or its successor));
Form 2553 with an accepted stamp;
The PDS can tell you how to get written proof of the
Form 2553 with a stamped IRS received date; or
mailing date.
An IRS letter stating that Form 2553 has been accepted.
For the IRS mailing address to use if you’re using PDS, go
to IRS.gov/PDSstreetAddresses.

-3-

- 5 -

Page 4 of 6 Fileid: … ns/I2553/201712/A/XML/Cycle05/source 11:56 - 2-Dec-2017

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

Do not file Form 1120S for any tax year before the A corporation (entity) not making the election for its first
! year the election takes effect. If the corporation is tax year in existence that is keeping its current tax year
CAUTION now required to file Form 1120, U.S. Corporation should enter the beginning date of the first tax year for which
Income Tax Return, or any other applicable tax return, it wants the election to be effective.
continue filing it until the election takes effect.
A corporation (entity) not making the election for its first
tax year in existence that is changing its tax year and wants
End of Election to be an S corporation for the short tax year needed to switch
Once the election is made, it stays in effect until it is tax years should enter the beginning date of the short tax
terminated or revoked. IRS consent generally is required for year. If the corporation (entity) doesn’t want to be an S
another election by the corporation (or a successor corporation for this short tax year, it should enter the
corporation) on Form 2553 for any tax year before the 5th tax beginning date of the tax year following this short tax year
year after the first tax year in which the termination or and file Form 1128, Application To Adopt, Change, or Retain
revocation took effect. See Regulations section 1.1362-5 for a Tax Year. If this change qualifies as an automatic approval
details. request (Form 1128, Part II), file Form 1128 as an attachment
to Form 2553. If this change qualifies as a ruling request
(Form 1128, Part III), file Form 1128 separately. If filing Form
Specific Instructions 1128, enter “Form 1128” on the dotted line to the left of the
entry space for item E.
Part I
Item F
Name and Address
Check the box that corresponds with the S corporation's
Enter the corporation's true name as stated in the corporate selected tax year. If box (2) or (4) is checked, provide the
charter or other legal document creating it. If the additional information about the tax year, and complete Part
corporation's mailing address is the same as someone II of the form.
else's, such as a shareholder's, enter “C/O” and this person's
name following the name of the corporation. Include the Signature
suite, room, or other unit number after the street address. If Form 2553 must be signed and dated by the president, vice
the Post Office doesn’t deliver to the street address and the president, treasurer, assistant treasurer, chief accounting
corporation has a P.O. box, show the box number instead of officer, or any other corporate officer (such as tax officer)
the street address. If the corporation changed its name or authorized to sign.
address after applying for its employer identification number,
be sure to check the box in item D of Part I. If Form 2553 isn’t signed, it won’t be considered timely
filed.
Item A. Employer Identification Number (EIN)
Enter the corporation's (entity’s) EIN. If the corporation Column J
(entity) doesn’t have an EIN, it must apply for one. An EIN Enter the name and address of each shareholder or former
can be applied for: shareholder required to consent to the election. If stock of the
Online–Go to IRS.gov/EIN. The EIN is issued immediately corporation is held by a nominee, guardian, custodian, or an
once the application information is validated. agent, enter the name and address of the person for whom
By faxing or mailing Form SS-4, Application for Employer the stock is held. If a single member limited liability company
Identification Number. (LLC) owns stock in the corporation, and the LLC is treated
as a disregarded entity for federal income tax purposes,
If the corporation (entity) hasn’t received its EIN by the
enter the owner's name and address. The owner must be
time the return is due, enter “Applied For” and the date the
eligible to be an S corporation shareholder.
EIN was applied in the space for the EIN. For more details,
see the Instructions for Form SS-4. For an election filed before the effective date entered for
item E, only shareholders who own stock on the day the
Item E. Effective Date of Election election is made need to consent to the election.
Form 2553 generally must be filed no later than 2 For an election filed on or after the effective date entered
TIP months and 15 days after the date entered for item E. for item E, all shareholders or former shareholders who
For details and exceptions, see When To Make the owned stock at any time during the period beginning on the
Election, earlier. effective date entered for item E and ending on the day the
A corporation (or entity eligible to elect to be treated as a election is made must consent to the election.
corporation) making the election effective for its first tax year
in existence should enter the earliest of the following dates: If the corporation timely filed an election, but one or more
The date the corporation (entity) first had shareholders shareholders didn’t timely file a consent, see Regulations
(owners), section 1.1362-6(b)(3)(iii). If the shareholder was a
The date the corporation (entity) first had assets, or community property spouse who was a shareholder solely
The date the corporation (entity) began doing business. because of a state community property law, see Rev. Proc.
2004-35, 2004-23 I.R.B. 1029, available at IRS.gov/irb/
When the corporation (entity) is making the election 2004-23_IRB#RP-2004-35 .
! for its first tax year in existence, it will usually enter
CAUTION the beginning date of a tax year that begins on a date Column K. Shareholder's Consent Statement
other than January 1. Each shareholder consents by signing and dating either in
column K or on a separate consent statement. The following
special rules apply in determining who must sign.

-4-

- 6 -

Page 5 of 6 Fileid: … ns/I2553/201712/A/XML/Cycle05/source 11:56 - 2-Dec-2017

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

If an individual and his or her spouse have a community 2002-39, 2002-22 I.R.B. 1046, and Rev. Rul. 87-57, 1987-2
interest in the stock or in the income from it, both must C.B. 117.
consent. For more information about community property, Attach a statement showing the relevant facts and
see Pub. 555. circumstances to establish a business purpose for the
Each tenant in common, joint tenant, and tenant by the requested fiscal year. For details on what is sufficient to
entirety must consent. establish a business purpose, see section 5.02 of Rev. Proc.
A minor's consent is made by the minor, legal 2002-39.
representative of the minor, or a natural or adoptive parent of
the minor if no legal representative has been appointed. If your business purpose is based on one of the natural
The consent of an estate is made by the executor or business year tests provided in section 5.03 of Rev. Proc.
administrator. 2002-39, identify which test you are using (the 25% gross
The consent of an electing small business trust (ESBT) is receipts, annual business cycle, or seasonal business test).
made by the trustee and, if a grantor trust, the deemed For the 25% gross receipts test, provide a schedule showing
owner. See Regulations section 1.1362-6(b)(2)(iv) for details. the amount of gross receipts for each month for the most
If the stock is owned by a qualified subchapter S trust recent 47 months. For either the annual business cycle or
(QSST), the deemed owner of the trust must consent. seasonal business test, provide the gross receipts from sales
If the stock is owned by a trust (other than an ESBT or and services (and inventory costs, if applicable) for each
QSST), the person treated as the shareholder by section month of the short period, if any, and the three immediately
1361(c)(2)(B) must consent. preceding tax years. If the corporation has been in existence
for less than three tax years, submit figures for the period of
Continuation sheet or separate consent statement. If existence.
you need a continuation sheet or use a separate consent
statement, attach it to Form 2553. It must contain the name, If you check box Q1, you will be charged a user fee of
address, and EIN of the corporation and the information $5,800 (subject to change by Rev. Proc. 2018-1 or its
requested in columns J through N of Part I. successor). Don’t pay the fee when filing Form 2553. The
service center will send Form 2553 to the IRS in Washington,
Column L DC, who, in turn, will notify the corporation that the fee is due.

Enter the number of shares of stock each shareholder owns Box Q2
on the date the election is filed and the date(s) the stock was
acquired. Enter -0- for any former shareholders listed in If the corporation makes a back-up section 444 election for
column J. An entity without stock, such as a limited liability which it is qualified, then the section 444 election will take
company (LLC), should enter the percentage of ownership effect in the event the business purpose request isn’t
and date(s) acquired. approved. In some cases, the tax year requested under the
back-up section 444 election may be different than the tax
Column M year requested under business purpose. See Form 8716,
Election To Have a Tax Year Other Than a Required Tax
Enter the social security number of each individual listed in Year, for details on making a back-up section 444 election.
column J. Enter the EIN of each estate, qualified trust, or
exempt organization. Boxes Q3 and R2
Column N If the corporation isn’t qualified to make the section 444
election after making the item Q2 back-up section 444
Enter the month and day that each shareholder's tax year election or indicating its intention to make the election in item
ends. If a shareholder is changing his or her tax year, enter R1, and therefore it later files a calendar year return, it should
the tax year the shareholder is changing to, and attach an enter “Section 444 Election Not Made” in the top left corner of
explanation indicating the present tax year and the basis for the first calendar year Form 1120S it files.
the change (for example, an automatic revenue procedure or
a letter ruling request). Part III
Part II Use Part III only if you make the election in Part I.
Complete Part II if you checked box (2) or (4) in Part I, item F. ! Form 2553 can’t be filed with only Part III completed.
CAUTION
Note. Corporations can’t obtain automatic approval of a In Part III, the income beneficiary (or legal representative)
fiscal year under the natural business year (box P1) or of certain qualified subchapter S trusts (QSSTs) may make
ownership tax year (box P2) provisions if they are under the QSST election required by section 1361(d)(2). Part III
examination, before an appeals (area) office, or before a may be used to make the QSST election only if corporate
federal court without meeting certain conditions and stock has been transferred to the trust on or before the date
attaching a statement to the application. For details, see on which the corporation makes its election to be an S
section 7.03 of Rev. Proc. 2006-46, 2006-45 I.R.B. 859, corporation. However, a statement can be used instead of
available at IRS.gov/irb/2006-45_IRB#RP-2006-46. Part III to make the election. If there was an inadvertent
failure to timely file a QSST election, see the relief provisions
Box P1 under Rev. Proc. 2013-30.
A corporation that doesn’t have a 47-month period of gross The deemed owner of the QSST must also consent to the
receipts can’t automatically establish a natural business year. S corporation election in column K of Form 2553.
Box Q1 Additional QSST election. If you are making more than
For examples of an acceptable business purpose for one QSST election, use additional copies of page 4 or use a
requesting a fiscal tax year, see section 5.02 of Rev. Proc. separate election statement, and attach it to Form 2553. It
must contain all information requested under Part III.

-5-

- 7 -

Page 6 of 6 Fileid: … ns/I2553/201712/A/XML/Cycle05/source 11:56 - 2-Dec-2017

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

intended to be effective. For more information on making
Part IV
these late elections, see Relief for a Late S Corporation
The representations listed in Part IV must be attached to a Election Filed By an Entity Eligible To Elect To Be Treated as
late corporate classification election intended to be effective a Corporation, earlier.
on the same date that a late S corporation election was

Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the
United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to
allow us to figure and collect the right amount of tax.
You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless
the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long
as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return
information are confidential, as required by section 6103.
The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for
business taxpayers filing this form is approved under OMB control number 1545-0123 and is included in the estimates shown
in the instructions for their business income tax return. The estimated burden for all other taxpayers who file this form is shown
below.

Recordkeeping 9 hr., 48 min.
Learning about the law or the form 2 hr., 33 min.
Preparing and sending the form to the IRS 4 hr., 1 min.

If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we
would be happy to hear from you. You can send us comments from IRS.gov/FormComments. Or you can write to the Internal
Revenue Service, Tax Forms and Publications Division, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Don’t
send the form to this office.

-6-

PDF file checksum: 3866215667

(Plugin #1/8.13/12.0)