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Instructions for Form 2553 12Internal Revenue

Instructions for Form 2553 12Internal Revenue

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Instructions and help about 2553

hey there youtube so today i wanted to do a brief tutorial and overview of the irs forum 2553 election by a small business corporation or this is otherwise kind of briefly referred to as an s election um so i wanted to i get a lot of questions about these and i help clients kind of complete the swarm and file them based on you know whether or not it makes sense for them to do so given their business structure whether it's one owner or multiple owners what their long-term goals are things like that so i just wanted to walk through the form cover all the fields you know what you would need to complete or what you can emit you know given your circumstances and overall you know why would you want to file this form to begin with i think that's really important it's important to understand both the benefits but also the limitations right an s corporation tax structure is not for everyone it really isn't there there are some drawbacks if you go down the road of

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