Form 2553 Instructions & Fax Guide 2025

What Is Form 2553?

Form 2553, officially titled "Election by a Small Business Corporation," is the IRS document that allows qualifying businesses to elect S-corporation tax status. By filing this form, eligible LLCs and C-corporations can avoid double taxation and benefit from pass-through taxation, potentially saving thousands in taxes annually.

Why You Might Need Form 2553

Business owners file Form 2553 when they want to reduce their tax burden and qualify for S-corp benefits. Common scenarios include:

• •Your LLC or corporation is generating substantial profits (typically $60,000+)
• •You want to reduce self-employment taxes by taking distributions
• •You need to avoid double taxation on corporate profits
• •Your tax advisor recommended S-corp election for tax optimization

Where to Fax Form 2553 in 2025

Step-by-Step: How to Fill Out & Fax Form 2553

Using FaxFlow to Send Form 2553 Easily

FaxFlow eliminates the hassle of traditional faxing. No driving to a fax machine, no busy signals, and no wondering if your form was received.

FAQ Section

• Where do I fax Form 2553?

  

  Fax Form 2553 to 855-214-7522 for standard processing or 855-214-7519 for urgent filings. Always verify the number on the latest form instructions.

• What's the deadline to file Form 2553?

  

  File within 2 months and 15 days after the beginning of the tax year (75 days). For new businesses, this is typically within 75 days of incorporation.

• Can I fax Form 2553 online?

  

  Yes! FaxFlow sends your form as a standard fax to the IRS. You'll get instant delivery confirmation and secure transmission.

• Do all shareholders need to sign?

  

  Yes, every shareholder must sign and date Form 2553. Missing signatures will result in rejection.

• How long does IRS processing take?

  

  The IRS typically processes faxed forms within 3-5 business days. You'll receive a determination letter within 60 days.