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What is the Form 2553?

The 2553 Form, known as the sub chapter S election, is required to be filed with the IRS to get S-Corporation status for purposes of federal taxation. Filing this Form with the IRS is used to convert a C-Corporation into an S-Corporation.

This entry was posted on Monday, February 4th, 2008 at 6:19 pm and is filed under S Corporation FAQ, C Corporation FAQ.

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