IRS Form 2553 "S" Corporation Election
IRS Form 2553 "S" Corporation Election, available at $19.99, has an average rating of 4.89, with 8 lectures, based on 9 reviews, and has 46 subscribers.
You will learn about What are the benefits and drawbacks of an "S" Corporation structure? How to file the S corporation election? If I file the election late, what are my options under the late election relief procedures? This course is ideal for individuals who are New business owners with an LLC or Corporation It is particularly useful for New business owners with an LLC or Corporation.
Enroll now: IRS Form 2553 "S" Corporation Election
Summary
Title: IRS Form 2553 "S" Corporation Election
Price: $19.99
Average Rating: 4.89
Number of Lectures: 8
Number of Published Lectures: 8
Number of Curriculum Items: 8
Number of Published Curriculum Objects: 8
Original Price: $19.99
Quality Status: approved
Status: Live
What You Will Learn
- What are the benefits and drawbacks of an "S" Corporation structure?
- How to file the S corporation election?
- If I file the election late, what are my options under the late election relief procedures?
Who Should Attend
- New business owners with an LLC or Corporation
Target Audiences
- New business owners with an LLC or Corporation
The S corporation election is a popular entity tax classification in the United States. One of the greatest misconceptions about the S corporation is that it is a legal entity formed under State Law. This is not true. The S corporation is a federal tax election only and is not a legal entity type.
Many entrepreneurs choose the S election classification because it helps reduce their federal self-employment taxes. In this guide, we want to cover the most popular aspects of the S corporation election and what it means to operate an S corporation.
We will cover the following topics within this guide:
1. What is an “S” corporation under federal tax law.
2. What entities are eligible to make the S corporation election.
3. What are the ownership restrictions and operating limitations once you make the S corporation election.
4. What are the primary tax advantages and disadvantages of making the S corporation election.
5. How to complete the IRS Form 2553 election form.
6. What do you need to file when the S corporation is late.
7. What are the annual reporting requirements for my S corporation once the election is approved by the IRS.
Once you have completed this guide and reviewed the materials, you should have a better understanding of the S corporation election and how to file the election with the IRS.
Course Curriculum
Chapter 1: Introduction
Lecture 1: Introduction & Course Objectives
Chapter 2: Course Materials
Lecture 1: What Is an "S" Corporation
Lecture 2: What Entities are Eligible for an S Corporation Election
Lecture 3: Ownership & Operating Restrictions
Lecture 4: Tax Advantages & Disadvantages of an S Corporation
Lecture 5: Late Election Relief Under Revenue Procedure 2013-30
Lecture 6: S Corporation Confirmation from the IRS
Lecture 7: Annual Reporting Obligations for an S Corporation
Instructors
-
Jason Knott
International Tax Advisor – Attorney & CPA
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- 4 stars: 1 votes
- 5 stars: 8 votes
Frequently Asked Questions
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