Form 2553 - Election by a Small Business Corporation - Draft Instructions

Sep 19, 2026

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Draft notice and early-release guidance for IRS Form 2553, Election by a Small Business Corporation under Internal Revenue Code section 1362, including late election filed pursuant to Rev. Proc. 2013-30. Explains that draft forms, instructions, and publications must not be filed and may change until official release, subject to OMB approval. Includes the form’s core election information sections, taxpayer acceptance requirements, and key completion fields such as incorporation details, selected tax year, and officer consent.

LanguageEnglish

CategoryForms

FormatPDF

Pages5

Reading Time2 min

AccessFree to download

Form 2553 (Rev. December 2017)

Election Information (Part I)

Selected Tax Year

Officer/Representative Information

Declaration and Signature (Under penalties of perjury)

Paperwork Reduction Act Notice

Caution: DRAFT—NOT FOR FILING This is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing for your information as a courtesy. Do not file draft forms. Also, do not rely on draft forms, instructions, and publications for filing. We generally do not release drafts of forms until we believe we have incorporated all changes. However, unexpected issues sometimes arise, or legislation is passed, necessitating a change to a draft form. In addition, forms generally are subject to OMB approval before they can be officially released. Drafts of instructions and publications usually have at least some changes before being officially released. Early release drafts are at [IRS.gov/DraftForms](IRS.gov/DraftForms), and may remain there even after the final release is posted at [IRS.gov/DownloadForms](IRS.gov/DownloadForms. All)[. All](IRS.gov/DownloadForms. All)[ ](IRS.gov/DownloadForms. All)information about all forms, instructions, and pubs is at [IRS.gov/Forms](IRS.gov/Forms). Almost every form and publication also has [its own page on IRS.gov. For](its own page on IRS.gov. For)[ ](its own page on IRS.gov. For)example, the Form 1040 page is at [IRS.gov/Form1040](IRS.gov/Form1040); the Publication 17 page is at [IRS.gov/Pub17](IRS.gov/Pub17) ; the Form W-4 page is at [IRS.gov/W4](IRS.gov/W4) ; and the Schedule A (Form 1040) page is at [IRS.gov/ScheduleA](IRS.gov/ScheduleA. If typing in a link)[. If typing in a link](IRS.gov/ScheduleA. If typing in a link)[ ](IRS.gov/ScheduleA. If typing in a link)above instead of clicking on it, be sure to type the link into the address bar of your browser, not in a Search box. Note that these are friendly shortcut links that will automatically go to the actual link for the page. If you wish, you can submit comments about draft or final forms, instructions, or publications at [IRS.gov/FormsComments](IRS.gov/FormsComments. We)[. We](IRS.gov/FormsComments. We) cannot respond to all comments due to the high volume we receive. Please note that we may not be able to consider many suggestions until the subsequent revision of the product. Form 2553 (Rev. December 2017) Department of the Treasury Internal Revenue Service Election by a Small Business Corporation (Under section 1362 of the Internal Revenue Code) (Including a late election filed pursuant to Rev. Proc. 2013-30) ▶ You can fax this form to the IRS. See separate instructions. ▶ [Go to](Go to www.irs.gov/Form2553 for)[ www.irs.gov/Form2553](Go to www.irs.gov/Form2553 for)[ for](Go to www.irs.gov/Form2553 for) instructions and the latest information. OMB No. 1545-0123 Note: This election to be an S corporation can be accepted only if all the tests are met under Who May Elect in the instructions, all shareholders have signed the consent statement, an officer has signed below, and the exact name and address of the corporation (entity) and other required form information have been provided. Part I Election Information DRAFT AS OF June 28, 2017 | Type or Print | Name (see instructions) | A Employer identification number | | --- | --- | --- | | | Number, street, and [room or suite no. If a P.O. box](room or suite no. If a P.O. box), see instructions. | B Date incorporated | | | City or town, state or province, country, and ZIP or foreign postal code | C State of incorporation | D Check the applicable box(es) if the corporation (entity), after applying for the EIN shown in A above, changed its name or address | E Election is to be effective for tax year beginning (month, day, year) (see instructions) . . . . Caution: A corporation (entity) making the election for its first tax year in existence will usually beginning date of a short tax year that begins on a date other than January 1. | . . ▶ enter the | | --- | --- | | F Selected tax year:
(1) Calendar year
(2) Fiscal year ending (month and day) ▶
(3) 52-53-week year ending with reference to the month of

FAQs

Can a draft version of Form 2553 be filed with the IRS?

No. The document cautions that draft forms must not be filed and should not be relied upon for filing.

What conditions must be met for the S corporation election to be accepted?

Acceptance requires that tests in the instructions are met, all shareholders sign the consent statement, an officer signs below, and the corporation’s exact name, address, and other required information are provided.

Where is the selected tax year election information completed?

The form includes a specific section for the selected tax year (calendar year, fiscal year ending, or 52–53-week year), and it directs additional completion in Part II when certain boxes are checked.

Sep 19, 2026

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