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Form 53 DA S Hpcsa Co

Form 53 DA S Hpcsa Co

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Instructions and help about Form 53 DA S Hpcsa Co

in this video I'm going to discuss how to make a valid election to be treated as an S corporation now assuming that you meet the requirements to be an S corporation which I've discussed in a previous video you're going to make the election by filing form 2553 with the IRS and that election is going to remain valid until it's either revoked for example if the shareholders later decide they no longer want to have an S corporation or terminated for example if you fail to meet the requirements to be an S corporation at some point in the future okay so you don't have to file form 2553 every single tax year you make the filing assuming it's a valid S election you're going to be an S corp until you either do something to get it revoked or you terminate the S Corp status now in terms of the timing of filing this election for the election apply in the current tax year you need to file on or before the 15th day of the third month of the cur

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