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.
Business Owners Earning $60k+
Business owners generating significant net profits seeking to lower 15.3% self-employment tax liabilities.
Tax ReductionLLC Owners Seeking S-Corp Status
LLC owners electing S-Corp tax treatment while maintaining LLC asset protection benefits.
LLC to S-CorpKey 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.
Shareholder Eligibility Audit
Verifying shareholder counts and US tax residency qualifications.
Form 2553 Execution
Drafting Form 2553 and obtaining formal consents from all corporate shareholders.
IRS Processing Center Filing
Transmitting application packets to target IRS processing centers with tracking.
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.
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Reduce 15.3% Self-Employment Taxes
Elect Form 2553 S-Corporation tax status with reasonable compensation structuring.