TPT TAX

S-Corporation Status Election (IRS Form 2553)

S-Corporation Tax Status Election

Filing IRS Form 2553 to request S-Corporation tax status, eliminating corporate double taxation and significantly reducing 15.3% self-employment taxes for qualifying shareholders.

Primary Eligibility

Business Owners Earning $60k+

Business owners generating significant net profits seeking to lower 15.3% self-employment tax liabilities.

Tax Reduction
$

LLC Owners Seeking S-Corp Status

LLC owners electing S-Corp tax treatment while maintaining LLC asset protection benefits.

LLC to S-Corp
Elect S-Corp Online ➔

Key Features & Core Benefits

Strict IRS compliance and maximum refund accuracy.

IRS Form 2553 Drafting & Signatures

Verifying S-Corp eligibility requirements and securing 100% shareholder consents on Form 2553.

Strict 2.5 Month Filing Deadline Tracking

Tracking strict March 15 (2.5 month) filing deadlines for current tax year eligibility.

Reasonable Compensation Structuring

Structuring reasonable officer salary and dividend distribution ratios to withstand IRS scrutiny.

Late Election Relief Justification

Filing late election relief under IRS Rev. Proc. 2013-30 for past-deadline applicants.

Simple 4-Step Process

Track your filing progress transparently online.

01

Shareholder Eligibility Audit

Verifying shareholder counts and US tax residency qualifications.

02

Form 2553 Execution

Drafting Form 2553 and obtaining formal consents from all corporate shareholders.

03

IRS Processing Center Filing

Transmitting application packets to target IRS processing centers with tracking.

04

IRS Acceptance Letter Delivery

Delivering final IRS official S-Corporation approval notices.

Frequently Asked Questions

Find clear answers to common questions about filing US taxes with TPT Tax.

By splitting profit into reasonable officer salary and dividend distributions, you avoid 15.3% self-employment taxes on dividends saving thousands annually.

Real Reviews from Satisfied Clients

Read authentic, verified 5-star reviews from clients who trusted TPT Tax with their US filings.

5.0|Google Rating & Verified Reviews
M

Michael R.

07/19/2026

Top Priority Tax made my US tax filing seamless and completely stress-free. Exceptional bilingual CPA team!

J

Jessica S.

07/14/2026

Extremely prompt, professional, and knowledgeable. They saved me thousands on my business tax return with great advice.

D

Daniel K.

07/08/2026

The 24/7 online portal is so convenient. My W-2, crypto, and stock gain tax reports were processed flawlessly.

R

Robert L.

07/02/2026

Best accounting and tax advisory service I have used in California. Highly recommended for all expats and freelancers!

Reduce 15.3% Self-Employment Taxes

Elect Form 2553 S-Corporation tax status with reasonable compensation structuring.