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表2553 说明

2553号表格说明书(与2017年12月修订的2553号表格一并使用,由一家小企业公司选举)

2020年12月修订本

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  • 表格2553 - 小企业公司选举(根据《国内税收法》第1362条)
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Department of the Treasury  
Internal Revenue Service  
Instructions for Form 2553  
(Rev. December 2020)  
(For use with the December 2017 revision of Form 2553, Election by a Small  
Business Corporation)  
Section references are to the Internal Revenue Code unless  
otherwise noted.  
4. It has no nonresident alien shareholders (other than as  
potential current beneficiaries of an ESBT).  
5. It has only one class of stock (disregarding differences  
in voting rights). Generally, a corporation is treated as having  
only one class of stock if all outstanding shares of the  
corporation's stock confer identical rights to distribution and  
liquidation proceeds. See Regulations section 1.1361-1(l) for  
details.  
Future Developments  
For the latest information about developments related to  
Form 2553 and its instructions, such as legislation enacted  
after they were published, go to IRS.gov/Form2553.  
6. It isn’t one of the following ineligible corporations.  
General Instructions  
a. A bank or thrift institution that uses the reserve method  
Purpose of Form  
of accounting for bad debts under section 585.  
A corporation or other entity eligible to elect to be treated as  
a corporation must use Form 2553 to make an election under  
section 1362(a) to be an S corporation. An entity eligible to  
elect to be treated as a corporation that meets certain tests  
discussed below will be treated as a corporation as of the  
effective date of the S corporation election and doesn’t need  
to file Form 8832, Entity Classification Election.  
b. An insurance company subject to tax under  
subchapter L of the Code.  
c. A domestic international sales corporation (DISC) or  
former DISC.  
7. It has or will adopt or change to one of the following tax  
years.  
a. A tax year ending December 31.  
b. A natural business year.  
c. An ownership tax year.  
The income of an S corporation generally is taxed to the  
shareholders of the corporation rather than to the corporation  
itself. However, an S corporation may still owe tax on certain  
income. For details, see Tax and Payments in the  
Instructions for Form 1120-S, U.S. Income Tax Return for an  
S Corporation.  
d. A tax year elected under section 444.  
e. A 52-53-week tax year ending with reference to a year  
listed above.  
f. Any other tax year (including a 52-53-week tax year)  
for which the corporation (entity) establishes a business  
purpose.  
Who May Elect  
A corporation or other entity eligible to elect to be treated as  
a corporation may elect to be an S corporation only if it meets  
all the following tests.  
For details on making a section 444 election or requesting  
a natural business, ownership, or other business purpose tax  
year, see the instructions for Part II.  
1. It is (a) a domestic corporation, or (b) a domestic entity  
eligible to elect to be treated as a corporation, that timely files  
Form 2553 and meets all the other tests listed below. If Form  
2553 isn’t timely filed, see Relief for Late Elections, later.  
8. Each shareholder consents as explained in the  
instructions for column K.  
2. It has no more than 100 shareholders. You can treat  
an individual and his or her spouse (and their estates) as one  
shareholder for this test. You can also treat all members of a  
family (as defined in section 1361(c)(1)(B)) and their estates  
as one shareholder for this test. For additional situations in  
which certain entities will be treated as members of a family,  
see Regulations section 1.1361-1(e)(3)(ii). All others are  
treated as separate shareholders. For details, see section  
1361(c)(1).  
See sections 1361, 1362, and 1378, and their related  
regulations for additional information on the above tests.  
A parent S corporation can elect to treat an eligible wholly  
owned subsidiary as a qualified subchapter S subsidiary. If  
the election is made, the subsidiary's assets, liabilities, and  
items of income, deduction, and credit generally are treated  
as those of the parent. For details, see Form 8869, Qualified  
Subchapter S Subsidiary Election.  
3. Its only shareholders are individuals, estates, exempt  
organizations described in section 401(a) or 501(c)(3), or  
certain trusts described in section 1361(c)(2)(A).  
When To Make the Election  
Complete and file Form 2553:  
No more than 2 months and 15 days after the beginning of  
For information about the section 1361(d)(2) election to be  
a qualified subchapter S trust (QSST), see the instructions  
for Part III. For information about the section 1361(e)(3)  
election to be an electing small business trust (ESBT), see  
Regulations section 1.1361-1(m). For guidance on how to  
convert a QSST to an ESBT, see Regulations section  
1.1361-1(j)(12). If these elections weren’t timely made, see  
Rev. Proc. 2013-30, 2013-36 I.R.B. 173, available at  
the tax year the election is to take effect, or  
At any time during the tax year preceding the tax year it is  
to take effect.  
For this purpose, the 2-month period begins on the day of  
the month the tax year begins and ends with the close of the  
day before the numerically corresponding day of the second  
calendar month following that month. If there is no  
Aug 05, 2020  
Cat. No. 49978N  
   
corresponding day, use the close of the last day of the  
calendar month.  
information can be provided on line I of Form 2553 or on an  
attached statement.  
1. The corporation intended to be classified as an S  
Example 1. No prior tax year. A calendar year small  
business corporation begins its first tax year on January 7.  
The 2-month period ends March 6 and 15 days after that is  
March 21. To be an S corporation beginning with its first tax  
year, the corporation must file Form 2553 during the period  
that begins January 7 and ends March 21. Because the  
corporation had no prior tax year, an election made before  
January 7 won’t be valid.  
corporation as of the date entered on line E of Form 2553;  
2. The corporation fails to qualify as an S corporation  
(see Who May Elect, earlier) on the effective date entered on  
line E of Form 2553 solely because Form 2553 wasn’t filed  
by the due date (see When To Make the Election, earlier);  
3. The corporation has reasonable cause for its failure to  
timely file Form 2553 and has acted diligently to correct the  
mistake upon discovery of its failure to timely file Form 2553;  
Example 2. Prior tax year. A calendar year small business  
corporation has been filing Form 1120 as a C corporation but  
wishes to make an S election for its next tax year beginning  
January 1. The 2-month period ends February 28 (29 in leap  
years) and 15 days after that is March 15. To be an S  
corporation beginning with its next tax year, the corporation  
must file Form 2553 during the period that begins the first day  
(January 1) of its last year as a C corporation and ends  
March 15th of the year it wishes to be an S corporation.  
Because the corporation had a prior tax year, it can make the  
election at any time during that prior tax year.  
Example 3. Tax year less than 21/2 months. A calendar  
year small business corporation begins its first tax year on  
November 8. The 2-month period ends January 7 and 15  
days after that is January 22. To be an S corporation  
beginning with its short tax year, the corporation must file  
Form 2553 during the period that begins November 8 and  
ends January 22. Because the corporation had no prior tax  
year, an election made before November 8 won’t be valid.  
4. Form 2553 will be filed within 3 years and 75 days of  
the date entered on line E of Form 2553; and  
5. A corporation that meets requirements (1) through (4)  
must also be able to provide statements from all  
shareholders who were shareholders during the period  
between the date entered on line E of Form 2553 and the  
date the completed Form 2553 is filed stating that they have  
reported their income on all affected returns consistent with  
the S corporation election for the year the election should  
have been made and all subsequent years. Completion of  
Form 2553, Part I, column K, Shareholder's Consent  
Statement (or similar document attached to Form 2553), will  
meet this requirement; or  
6. A corporation that meets requirements (1) through (3)  
but not requirement (4) can still request relief for a late  
election on Form 2553 if the following statements are true.  
a. The corporation and all its shareholders reported their  
income consistent with S corporation status for the year the S  
corporation election should have been made, and for every  
subsequent tax year (if any);  
b. At least 6 months have elapsed since the date on  
which the corporation filed its tax return for the first year the  
corporation intended to be an S corporation; and  
c. Neither the corporation nor any of its shareholders was  
notified by the IRS of any problem regarding the S  
corporation status within 6 months of the date on which the  
Form 1120-S for the first year was timely filed.  
Relief for Late Elections  
The following two sections discuss relief for late S  
corporation elections and relief for late S corporation and  
entity classification elections for the same entity. For  
supplemental procedural requirements when seeking relief  
for multiple late elections, see Rev. Proc. 2013-30, section  
4.04.  
When filing Form 2553 for a late S corporation election,  
the corporation (entity) must enter in the top margin of the  
first page of Form 2553 “FILED PURSUANT TO REV. PROC.  
2013-30.” Also, if the late election is made by attaching Form  
2553 to Form 1120-S, the corporation (entity) must enter in  
the top margin of the first page of Form 1120-S “INCLUDES  
LATE ELECTION(S) FILED PURSUANT TO REV. PROC.  
2013-30.”  
To request relief for a late election when the above  
requirements aren’t met, the corporation generally must  
request a private letter ruling and pay a user fee in  
accordance with Rev. Proc. 2021-1, 2021-1 I.R.B. 1 (or its  
successor).  
Relief for a Late S Corporation Election Filed By  
an Entity Eligible To Elect To Be Treated as a  
Corporation  
A late election to be an S corporation and a late entity  
classification election for the same entity may be available if  
the entity can show that the failure to file Form 2553 on time  
was due to reasonable cause. Relief must be requested  
within 3 years and 75 days of the effective date entered on  
line E of Form 2553.  
The election can be filed with the current Form 1120-S if  
all earlier Forms 1120-S have been filed. The election can be  
attached to the first Form 1120-S for the year including the  
effective date if filed simultaneously with any other delinquent  
Forms 1120-S. Form 2553 can also be filed separately.  
Relief for a Late S Corporation Election Filed by  
a Corporation  
A late election to be an S corporation generally is effective for  
the tax year following the tax year beginning on the date  
entered on line E of Form 2553. However, relief for a late  
election may be available if the corporation can show that the  
failure to file on time was due to reasonable cause.  
To request relief for a late election, an entity that meets  
the following requirements must explain the reasonable  
cause for failure to timely file the election and its diligent  
actions to correct the mistake upon discovery. This  
information can be provided on line I of Form 2553 or on an  
attached statement.  
To request relief for a late election, a corporation that  
meets the following requirements must explain the  
reasonable cause for failure to timely file the election and its  
diligent actions to correct the mistake upon discovery. This  
-2-  
Instructions for Form 2553 (December 2020)  
   
1. The entity is an eligible entity as defined in Regulations  
section 301.7701-3(a) (see Purpose of Form in the Form  
8832 instructions).  
If the corporation's (entity’s)  
principal business, office, or  
agency is located in:  
Use the following  
address or fax number:  
2. The entity intended to be classified as an S  
corporation as of the date entered on line E of Form 2553.  
Connecticut, Delaware,  
District of Columbia, Georgia,  
Illinois, Indiana, Kentucky,  
Maine, Maryland,  
3. Form 2553 will be filed within 3 years and 75 days of  
the date entered on line E of Form 2553.  
Department of the Treasury  
Internal Revenue  
4. The entity failed to qualify as a corporation solely  
because Form 8832 wasn’t timely filed under Regulations  
section 301.7701-3(c)(1)(i) (see When To File in the Form  
8832 instructions), or Form 8832 wasn’t deemed to have  
been filed under Regulations section 301.7701-3(c)(1)(v)(C)  
(see Who Must File in the Form 8832 instructions).  
5. The entity fails to qualify as an S corporation (see Who  
May Elect, earlier) on the effective date entered on line E of  
Form 2553 because Form 2553 wasn’t filed by the due date  
(see When To Make the Election, earlier).  
Massachusetts, Michigan, New  
Hampshire, New Jersey, New  
York, North Carolina, Ohio,  
Pennsylvania, Rhode Island,  
South Carolina, Tennessee,  
Vermont, Virginia, West Virginia,  
Wisconsin  
Service Center  
Kansas City, MO 64999  
Fax: 855-887-7734  
Alabama, Alaska, Arizona,  
Arkansas, California, Colorado,  
Florida, Hawaii, Idaho, Iowa,  
Kansas, Louisiana, Minnesota,  
Mississippi, Missouri, Montana,  
Nebraska, Nevada, New  
Mexico, North Dakota,  
Oklahoma, Oregon, South  
Dakota, Texas, Utah,  
Washington, Wyoming  
6. The entity either:  
Department of the Treasury  
Internal Revenue  
a. Timely filed all Forms 1120-S consistent with its  
requested classification as an S corporation, or  
Service Center  
Ogden, UT 84201  
Fax: 855-214-7520  
b. Didn’t file Form 1120-S because the due date for the  
first year's Form 1120-S hasn’t passed.  
7. The entity has reasonable cause for its failure to timely  
file Form 2553 and has acted diligently to correct the mistake  
upon discovery of its failure to timely file Form 2553.  
8. The S corporation can provide statements from all  
shareholders who were shareholders during the period  
between the date entered on line E of Form 2553 and the  
date the completed Form 2553 is filed stating that they have  
reported their income on all affected returns consistent with  
the S corporation election for the year the election should  
have been made and all subsequent years. Completion of  
Form 2553, Part I, column K, Shareholder's Consent  
Statement (or similar document attached to Form 2553), will  
meet this requirement.  
The filing information shown above is subject to  
change. For the latest information, go to IRS.gov/  
!
CAUTION  
Acceptance or Nonacceptance of  
Election  
The service center will notify the corporation (entity) if its  
election is accepted and when it will take effect. The  
corporation (entity) will also be notified if its election isn’t  
accepted. The corporation (entity) should generally receive a  
determination on its election within 60 days after it has filed  
Form 2553. If box Q1 in Part II is checked, the corporation  
(entity) will receive a ruling letter from the IRS that either  
approves or denies the selected tax year. When box Q1 is  
checked, it will generally take an additional 90 days for the  
Form 2553 to be accepted.  
To request relief for a late election when the above  
requirements aren’t met, the entity generally must request a  
private letter ruling and pay a user fee in accordance with  
Rev. Proc. 2021-1 (or its successor).  
Where To File  
Generally, send the original election (no photocopies) or fax it  
to the Internal Revenue Service Center listed below. If the  
corporation (entity) files this election by fax, keep the original  
Form 2553 with the corporation's (entity’s) permanent  
records. However, certain late elections can be filed attached  
to Form 1120-S. See Relief for Late Elections, earlier.  
Care should be exercised to ensure that the IRS receives  
the election. If the corporation (entity) isn’t notified of  
acceptance or nonacceptance of its election within 2 months  
of the date of filing (date faxed or mailed), or within 5 months  
if box Q1 is checked, take follow-up action by calling  
1-800-829-4933.  
Private delivery services. You can use certain private  
delivery services (PDS) designated by the IRS to file this  
election. Go to IRS.gov/PDS for the current list of designated  
services.  
If the IRS questions whether Form 2553 was filed, an  
acceptable proof of filing is:  
A certified or registered mail receipt (timely postmarked)  
The PDS can tell you how to get written proof of the  
from the U.S. Postal Service, or its equivalent from a  
designated private delivery service (see Notice 2016-30,  
2016-18 I.R.B. 676, available at  
mailing date.  
For the IRS mailing address to use if you’re using PDS, go  
Form 2553 with an accepted stamp;  
Form 2553 with a stamped IRS received date; or  
An IRS letter stating that Form 2553 has been accepted.  
Instructions for Form 2553 (December 2020)  
-3-  
Do not file Form 1120-S for any tax year before the  
year the election takes effect. If the corporation  
(entity) is now required to file Form 1120, U.S.  
When the corporation (entity) is making the election  
for its first tax year in existence, it will usually enter  
the beginning date of a tax year that begins on a date  
!
!
CAUTION  
CAUTION  
Corporation Income Tax Return, or any other applicable tax  
return, continue filing it until the election takes effect.  
other than January 1.  
A corporation (entity) not making the election for its first  
tax year in existence that is keeping its current tax year  
should enter the beginning date of the first tax year for which  
it wants the election to be effective.  
End of Election  
Once the election is made, it stays in effect until it is  
terminated or revoked. IRS consent generally is required for  
another election by the corporation (or a successor  
corporation) on Form 2553 for any tax year before the 5th tax  
year after the first tax year in which the termination or  
revocation took effect. See Regulations section 1.1362-5 for  
details.  
A corporation (entity) not making the election for its first  
tax year in existence that is changing its tax year and wants  
to be an S corporation for the short tax year needed to switch  
tax years should enter the beginning date of the short tax  
year. If the corporation (entity) doesn’t want to be an S  
corporation for this short tax year, it should enter the  
beginning date of the tax year following this short tax year  
and file Form 1128, Application To Adopt, Change, or Retain  
a Tax Year. If this change qualifies as an automatic approval  
request (Form 1128, Part II), file Form 1128 as an attachment  
to Form 2553. If this change qualifies as a ruling request  
(Form 1128, Part III), file Form 1128 separately. If filing Form  
1128, enter “Form 1128” on the dotted line to the left of the  
entry space for item E.  
Specific Instructions  
Part I  
Name and Address  
Enter the corporation's (entity’s) true name as stated in the  
corporate charter or other legal document creating it. If the  
corporation's (entity’s) mailing address is the same as  
someone else's, such as a shareholder's, enter “C/O” and  
this person's name following the name of the corporation  
(entity). Include the suite, room, or other unit number after the  
street address. If the Post Office doesn’t deliver to the street  
address and the corporation (entity) has a P.O. box, show  
the box number instead of the street address. If the  
corporation (entity) changed its name or address after  
applying for its employer identification number, be sure to  
check the box in item D of Part I.  
Item F  
Check the box that corresponds with the S corporation's  
selected tax year. If box (2) or (4) is checked, provide the  
additional information about the tax year, and complete Part  
II of the form.  
Signature  
Form 2553 must be signed and dated by the president, vice  
president, treasurer, assistant treasurer, chief accounting  
officer, or any other corporate officer (such as tax officer)  
authorized to sign.  
Item A. Employer Identification Number (EIN)  
Enter the corporation's (entity’s) EIN. If the corporation  
(entity) doesn’t have an EIN, it must apply for one. An EIN  
can be applied for in the following ways.  
If Form 2553 isn’t signed, it won’t be considered timely  
filed.  
Online—Go to IRS.gov/EIN. The EIN is issued  
Column J  
immediately once the application information is validated.  
Enter the name and address of each shareholder or former  
shareholder required to consent to the election. If stock of the  
corporation is held by a nominee, guardian, custodian, or an  
agent, enter the name and address of the person for whom  
the stock is held. If a single member limited liability company  
(LLC) owns stock in the corporation, and the LLC is treated  
as a disregarded entity for federal income tax purposes,  
enter the owner's name and address. The owner must be  
eligible to be an S corporation shareholder.  
By faxing or mailing Form SS-4, Application for Employer  
Identification Number.  
If the corporation (entity) hasn’t received its EIN by the  
time the return is due, enter “Applied For” and the date the  
EIN was applied in the space for the EIN. For more details,  
see the Instructions for Form SS-4.  
Item E. Effective Date of Election  
For an election filed before the effective date entered for  
item E, only shareholders who own stock on the day the  
election is made need to consent to the election.  
For an election filed on or after the effective date entered  
for item E, all shareholders or former shareholders who  
owned stock at any time during the period beginning on the  
effective date entered for item E and ending on the day the  
election is made must consent to the election.  
If the corporation timely filed an election, but one or more  
shareholders didn’t timely file a consent, see Regulations  
section 1.1362-6(b)(3)(iii). If the shareholder was a  
community property spouse who was a shareholder solely  
because of a state community property law, see Rev. Proc.  
2004-35, 2004-23 I.R.B. 1029, available at IRS.gov/irb/  
Form 2553 generally must be filed no later than 2  
months and 15 days after the date entered for item  
TIP  
E. For details and exceptions, see When To Make  
A corporation (or entity eligible to elect to be treated as a  
corporation) making the election effective for its first tax year  
in existence should enter the earliest of the following dates:  
The date the corporation (entity) first had shareholders  
(owners),  
The date the corporation (entity) first had assets, or  
The date the corporation (entity) began doing business.  
-4-  
Instructions for Form 2553 (December 2020)  
Column K. Shareholder's Consent Statement  
Box P1  
Each shareholder consents by signing and dating either in  
column K or on a separate consent statement. The following  
special rules apply in determining who must sign.  
A corporation that doesn’t have a 47-month period of gross  
receipts can’t automatically establish a natural business year.  
Box Q1  
If an individual and his or her spouse have a community  
interest in the stock or in the income from it, both must  
consent. For more information about community property,  
see Pub. 555.  
For examples of an acceptable business purpose for  
requesting a fiscal tax year, see section 5.02 of Rev. Proc.  
2002-39, 2002-22 I.R.B. 1046, and Rev. Rul. 87-57, 1987-2  
C.B. 117.  
Each tenant in common, joint tenant, and tenant by the  
entirety must consent.  
Attach a statement showing the relevant facts and  
circumstances to establish a business purpose for the  
requested fiscal year. For details on what is sufficient to  
establish a business purpose, see section 5.02 of Rev. Proc.  
2002-39.  
A minor's consent is made by the minor, legal  
representative of the minor, or a natural or adoptive parent of  
the minor if no legal representative has been appointed.  
The consent of an estate is made by the executor or  
administrator.  
The consent of an electing small business trust (ESBT) is  
If your business purpose is based on one of the natural  
business year tests provided in section 5.03 of Rev. Proc.  
2002-39, identify which test you are using (the 25% gross  
receipts, annual business cycle, or seasonal business test).  
For the 25% gross receipts test, provide a schedule showing  
the amount of gross receipts for each month for the most  
recent 47 months. For either the annual business cycle or  
seasonal business test, provide the gross receipts from sales  
and services (and inventory costs, if applicable) for each  
month of the short period, if any, and the three immediately  
preceding tax years. If the corporation has been in existence  
for less than three tax years, submit figures for the period of  
existence.  
made by the trustee and, if a grantor trust, the deemed  
owner. See Regulations section 1.1362-6(b)(2)(iv) for details.  
If the stock is owned by a qualified subchapter S trust  
(QSST), the deemed owner of the trust must consent.  
If the stock is owned by a trust (other than an ESBT or  
QSST), the person treated as the shareholder by section  
1361(c)(2)(B) must consent.  
Continuation sheet or separate consent statement. If  
you need a continuation sheet or use a separate consent  
statement, attach it to Form 2553. It must contain the name,  
address, and EIN of the corporation (entity) and the  
information requested in columns J through N of Part I.  
If you check box Q1, you will be charged a user fee of  
$6,200 (subject to change by Rev. Proc. 2021-1 or its  
successor). Don’t pay the fee when filing Form 2553. The  
service center will send Form 2553 to the IRS in Washington,  
DC, who, in turn, will notify the corporation that the fee is due.  
Column L  
Enter the number of shares of stock each shareholder owns  
on the date the election is filed and the date(s) the stock was  
acquired. Enter -0- for any former shareholders listed in  
column J. An entity without stock, such as a limited liability  
company (LLC), should enter the percentage of ownership  
and date(s) acquired.  
Box Q2  
If the corporation makes a back-up section 444 election for  
which it is qualified, then the section 444 election will take  
effect in the event the business purpose request isn’t  
approved. In some cases, the tax year requested under the  
back-up section 444 election may be different than the tax  
year requested under business purpose. See Form 8716,  
Election To Have a Tax Year Other Than a Required Tax  
Year, for details on making a back-up section 444 election.  
Column M  
Enter the social security number of each individual listed in  
column J. Enter the EIN of each estate, qualified trust, or  
exempt organization.  
Column N  
Enter the month and day that each shareholder's tax year  
ends. If a shareholder is changing his or her tax year, enter  
the tax year the shareholder is changing to, and attach an  
explanation indicating the present tax year and the basis for  
the change (for example, an automatic revenue procedure or  
a letter ruling request).  
Boxes Q3 and R2  
If the corporation isn’t qualified to make the section 444  
election after making the item Q2 back-up section 444  
election or indicating its intention to make the election in item  
R1, and therefore it later files a calendar year return, it should  
enter “Section 444 Election Not Made” in the top left corner of  
the first calendar year Form 1120-S it files.  
Part II  
Complete Part II if you checked box (2) or (4) in Part I, item F.  
Part III  
Note. Corporations can’t obtain automatic approval of a  
fiscal year under the natural business year (box P1) or  
ownership tax year (box P2) provisions if they are under  
examination, before an appeals (area) office, or before a  
federal court without meeting certain conditions and  
attaching a statement to the application. For details, see  
section 7.03 of Rev. Proc. 2006-46, 2006-45 I.R.B. 859,  
Use Part III only if you make the election in Part I.  
Form 2553 can’t be filed with only Part III completed.  
!
CAUTION  
In Part III, the income beneficiary (or legal representative)  
of certain qualified subchapter S trusts (QSSTs) may make  
the QSST election required by section 1361(d)(2). Part III  
may be used to make the QSST election only if corporate  
stock has been transferred to the trust on or before the date  
on which the corporation makes its election to be an S  
corporation. However, a statement can be used instead of  
Instructions for Form 2553 (December 2020)  
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Part III to make the election. If there was an inadvertent  
failure to timely file a QSST election, see the relief provisions  
under Rev. Proc. 2013-30.  
Part IV  
The representations listed in Part IV must be attached to a  
late corporate classification election intended to be effective  
on the same date that a late S corporation election was  
intended to be effective. For more information on making  
these late elections, see Relief for a Late S Corporation  
a Corporation, earlier.  
The deemed owner of the QSST must also consent to the  
S corporation election in column K of Form 2553.  
Additional QSST election. If you are making more than  
one QSST election, use additional copies of page 4 or use a  
separate election statement, and attach it to Form 2553. It  
must contain all information requested under Part III.  
Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the  
United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to  
allow us to figure and collect the right amount of tax.  
You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless  
the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long  
as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return  
information are confidential, as required by section 6103.  
The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for  
business taxpayers filing this form is approved under OMB control number 1545-0123 and is included in the estimates shown  
in the instructions for their business income tax return. The estimated burden for all other taxpayers who file this form is shown  
below.  
Recordkeeping . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  
Learning about the law or the form . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  
Preparing and sending the form to the IRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  
9 hr., 48 min.  
2 hr., 33 min.  
4 hr., 1 min.  
If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we  
would be happy to hear from you. You can send us comments from IRS.gov/FormComments. Or you can write to the Internal  
Revenue Service, Tax Forms and Publications Division, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Don’t  
send the form to this office.  
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Instructions for Form 2553 (December 2020)