We must initially classify you as a regular corporation. In order to elect S corporation status for your organization, you will need to file Form 2553 (Election by a Small Business Corporation). Once that form has been approved, we will update your account.

See https://www.irs.gov/instructions/i2553#idm139855003794080

Critter-3

READ the IRS notice carefully ... when you applied for the S-Corp the IRS acceptance notice will tell you exactly what you need to do and when. If you already made the S-corp election by filing the form 2553 then you do no need to also file it on the return. If you do it is not a big deal, just overkill.

M

Mike9241

didn't know it was possible to incorporate as an S-Corp rather than just a Corp for which filing form 2553 is required if you want to be taxed as an S-Corp

no harm should come from filing the form if it wasn't required.

Critter-3

@Mike9241

You can pick the S-corp option when getting the EIN however the acceptance notice will say you need to file an 1120 AND make the S-Corp election either before or with the first filing. Before is always better but not required. Folks need to ready the IRS acceptance notice so they know what forms they need to file and when including the payroll tax forms.