IRS Form 2553 Fillable
IRS Form SS-4: Fillable Application for Employer Identification Number (EIN)
Purpose of IRS Form 2553
A corporation or other entity eligible to elect to be treated as a corporation must use Form 2553 to make an election under section 1362(a) to be an S corporation. An entity eligible to elect to be treated as a corporation that meets certain tests discussed below will be treated as a corporation as of the effective date of the S corporation election and doesn’t need to file Form 8832, Entity Classification Election.
The income of an S corporation generally is taxed to the shareholders of the corporation rather than to the corporation itself. However, an S corporation may still owe tax on certain income. For details, seeTax and Paymentsin the Instructions for Form 1120-S, U.S. Income Tax Return for an S Corporation.
Key Uses of Form SS-4
- Starting a New Business: Obtain an EIN to register your business with the IRS.
- Hiring Employees: Required for payroll and tax reporting.
- Banking Requirements: Essential for opening a business bank account.
- Trusts, Estates, and Non-Profits: Obtain EINs for tax identification purposes.
How to Complete Form SS-4
- Section 1: Enter the legal name and trade name of the entity.
- Section 4: Provide the mailing address.
- Section 9: Specify the type of entity (e.g., sole proprietor, corporation, partnership).
- Section 10: State the reason for applying for an EIN.
Where to Submit Form SS-4
- Online: Use the IRS website for instant EIN issuance.
- Mail: Send the completed form to the appropriate IRS address.
- Fax: Fax the form for quicker processing.
Benefits of a Fillable Form SS-4
- Time-Saving: Complete the form electronically without printing.
- Error Reduction: Digital validation minimizes mistakes.
- Eco-Friendly: Reduce paper usage by filing digitally.
Always ensure that you are using the latest version of IRS Form SS-4 directly from the IRS official website for accuracy and compliance.