Save “File the S corporation election” to MyCheck

7 steps · Checklist

File the S corporation election

Every test has to pass, and the date is measured precisely.

• Check every eligibility test, not most of them.

• Confirm no shareholder is a nonresident alien; that ends the election.

• File within two months and 15 days of the start of the tax year.

• Get an officer signature and every shareholder's consent in column K.

• Skip Parts II to IV unless your situation actually needs them.

• Fax or post it; there is no e-filing for a standalone election.

• Chase it if no determination arrives, rather than assuming acceptance.

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