Practical Law Glossary Item 8-382-3562 (Approx. 2 pages)
Glossary
IRS Form 2553
The form a corporation (or other entity eligible to elect to be treated as a corporation) uses to make an election under IRC § 1362(a) to be an S-corporation. An eligible US entity makes a timely S-corporation election on IRS Form 2553 no more than two months and 15 days after the beginning of the tax year the election is to take effect.