Hellow guys, Welcome to my website, and you are watching How to file a LATE S Corp Election by completing Form 2553. and this vIdeo is uploaded by Navi Maraj, CPA at 2023-01-05T14:00:19-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | How to file a LATE S Corp Election by completing Form 2553 |
| Video Uploader | Video From Navi Maraj, CPA |
| Upload Date | This Video Uploaded At 05-01-2023 22:00:19 |
| Video Discription | In this video I show you how to prepare and file a late S Corp election using Form 2553. I'll walk you through the form step by step and give you some insights on things to keep in mind when executing the late S corporation "strategy". Please, and I can’t stress this enough, watch this particular video in its entirety because I’m going to cover some important details after I show you how to complete the form. IMPORTANT: If you live in a Community Property State, your spouse is required to be listed on Page 2, Part 1. The recommended process would be to list the consenting spouse (name, address, SSN) as a shareholder on page 2, but next to her name indicate, “consenting spouse.” And in the ownership column then list their individual ownership as 0% or N/A and date acquired as N/A. I don't cover this in this video but I DO cover it in the "How to fill out IRS Form 2553 (Timely)" video which is linked below. 📺 How to file TIMELY S Corp election video: https://youtu.be/TrCNqUKIWlo IRS Form 2553: https://www.irs.gov/pub/irs-pdf/f2553.pdf IRS Form 2553 Instructions: https://www.irs.gov/instructions/i2553 🔗Useful Links: 🌐 Website: https://navimarajcpa.com/ 📋 Enroll In My Course - Small Business Taxes: From Knowing Nothing to Savings Thousands: https://navimarajcpa.com/learn/ 📁 Setup your LLC or Corporation for FREE: FileYourBusiness.com: https://www.fileyourbusiness.com/ Inc Authority: http://bit.ly/incauthoritycoupon IncFile: http://bit.ly/incfilecoupon ZenBusiness: http://bit.ly/zenbusinesscoupon If you learned something from this video, please like and subscribe and follow me on my various social media handles below. If you would like to contact me with a specific question, please visit my website or leave me a comment. Website: https://www.navimarajcpa.com Email: navi@navimarajcpa.com Instagram: https://www.instagram.com/navimarajcpa/ LinkedIn: https://www.linkedin.com/in/navimarajcpa/ Twitter: https://twitter.com/NaviMarajCPA Facebook: https://www.facebook.com/Navi-Maraj-CPA-PLLC-107003020774608/ This video was created for informational purposes and it is not to be construed as legal and tax advice specific to your unique situation. Some of the links above are affiliate links which means that if you purchase a product or service with the provided link, I may receive a commission with no additional cost to you. © Navi Maraj CPA PLLC. All rights reserved. #form2553 #scorp #entrepreneur |
| Category | Education |
| Tags | form 2553 | s corp election | late s corp | file form 2553 | late relief |
