Save “File an entity classification election” to MyCheck

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File an entity classification election

The two rules that decide whether it works.

• Confirm you want corporate treatment, not S-corp; that is Form 2553.

• Check the default classification you already have before changing it.

• Keep the effective date within 75 days before filing, or 12 months after.

• Accept the 60-month limit on changing classification again.

• Send it where the current instructions say, and attach a copy to the return.

• Weigh the double tax on money leaving a C corporation before electing.

Free, and yours to edit — tick items off on the web or in the MyCheck app.