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December 21, 2018, Steve Cause Allied Design, Inc. 4720 Lester Mill Road Winston-Salem, NC 27103 Re: Zoning Petition F1583Dear Petitioner: The attached report of the Planning Board to the Forsyth

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What is s office of form?

The S Office of Form, commonly known as the S Corporation election (Form 2553), is used by eligible small businesses to elect to be taxed as an S Corporation rather than a C Corporation.

Who is required to file s office of form?

Any eligible domestic corporation that wishes to be taxed as an S Corporation must file the S Office of Form (Form 2553) to elect this tax status.

How to fill out s office of form?

To fill out the S Office of Form, the corporation must provide its name, address, employer identification number (EIN), and the names and addresses of all shareholders. Additionally, the form requires the date of incorporation and the tax year the election will take effect.

What is the purpose of s office of form?

The purpose of the S Office of Form is to formally notify the IRS of a corporation's election to be taxed under Subchapter S of the Internal Revenue Code, allowing income to be passed through to shareholders to avoid double taxation.

What information must be reported on s office of form?

The S Office of Form must report the corporation's name, EIN, the state of incorporation, the date of incorporation, the tax year it will follow, and the names and addresses of all shareholders, along with their consent to the S Corporation election.