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Form 2553, 2005. Form 2553, Election by a Small Business Corporation, is used by small businesses to elect to be taxed as a "Subchapter S - Corporation" (S corporation). Form 2555, Foreign Earned Income, is filed by taxpayers who have earned income from sources outside the United States exempt from US income tax. US citizens or resident aliens ...
The Form 2553 must be signed by all of the corporation's shareholders. If a shareholder resides in a community property state, the shareholder's spouse generally must also sign the 2553. The S corporation election must typically be made by the fifteenth day of the third month of the tax year for which the election is intended to be effective ...
The IRS uses the information entered on the form to establish the entity's filing and reporting requirements for federal tax purposes. [3] Certain domestic and foreign entities that were in existence before January 1, 1997, and have an established federal tax classification generally do not need to make an election to continue that classification.
Internal Revenue Service Austin, TX 73301-0002. Arizona, New Mexico. Internal Revenue Service P.O. Box 802501 Cincinnati, OH 45280-2501. Department of the Treasury Internal Revenue Service Austin ...
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Once the form is completed, return it to your local Social Security office by mail or in person. If you want to make any changes in the future, you’ll need to fill out a new Form W-4V.
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