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Author: chefanita Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Corporation Status Date: 2/17/1999 6:43 AM
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Help! I have tried every angle..I need to obtain the proper form,in which to change my corporation status from C to S. I can't get any help. What should I do. and...it is realy advantageous to do so...I am a samll business owner??? Help. Thank you.
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Author: TheBadger Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 10421 of 121061
Subject: Re: Corporation Status Date: 2/17/1999 9:55 AM
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The Form you need is 2553. It is downloadable from the IRS website. This issue of whether your corporation shld. be an "S" corporation is complex. We would need to know a whole lot more about your facts & circumstances before that question can be effectively answered.



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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 10523 of 121061
Subject: Re: Corporation Status Date: 2/19/1999 12:09 AM
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[[Help! I have tried every angle..I need to obtain the proper form,in which to
change my corporation status from C to S. I can't get any help. What should I
do. and...it is realy advantageous to do so...I am a samll business owner???
Help. Thank you.]]

I think that you might be in over you head here...and I may NOT be doing you a service by giving you this information...but...

If you want the S-corporation application, go the IRS web site and download IRS Form 2553.

I would also download/read IRS Publication 589 just to see what you are doing to yourself. I would also strongly suggest that you obtain some professional tax advice regarding your current corporation and your decision to move to an S-corporation.

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