Form 2553
E331269
Form 2553 is the IRS election form that allows eligible domestic corporations and certain LLCs to be taxed as S corporations for federal income tax purposes.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Form 2553 canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T3149127 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Form 2553 Context triple: [Subchapter S, implementedBy, Form 2553]
-
A.
Form 944
Form 944 is an annual IRS tax form that certain small employers use to report federal income tax withheld and Social Security and Medicare taxes.
-
B.
Form 940
Form 940 is an annual IRS tax form that employers use to report and pay federal unemployment (FUTA) taxes.
-
C.
Subchapter S
Subchapter S is the section of U.S. tax law that governs S corporations, allowing certain closely held corporations to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.
-
D.
Form 941
Form 941 is a quarterly IRS tax return that employers use to report wages paid, income tax withheld, and Social Security and Medicare payroll taxes.
-
E.
Form 1040
Form 1040 is the primary U.S. individual income tax return form used by taxpayers to report their annual income, deductions, and tax liability to the Internal Revenue Service.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Form 2553 Target entity description: Form 2553 is the IRS election form that allows eligible domestic corporations and certain LLCs to be taxed as S corporations for federal income tax purposes.
-
A.
Form 944
Form 944 is an annual IRS tax form that certain small employers use to report federal income tax withheld and Social Security and Medicare taxes.
-
B.
Form 940
Form 940 is an annual IRS tax form that employers use to report and pay federal unemployment (FUTA) taxes.
-
C.
Subchapter S
Subchapter S is the section of U.S. tax law that governs S corporations, allowing certain closely held corporations to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.
-
D.
Form 941
Form 941 is a quarterly IRS tax return that employers use to report wages paid, income tax withheld, and Social Security and Medicare payroll taxes.
-
E.
Form 1040
Form 1040 is the primary U.S. individual income tax return form used by taxpayers to report their annual income, deductions, and tax liability to the Internal Revenue Service.
- F. None of above. chosen
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
IRS tax form
ⓘ
U.S. federal tax election form ⓘ |
| appliesTo | S corporation election ⓘ |
| appliesToEntityType |
C corporation converting to S corporation
ⓘ
LLC electing to be taxed as an S corporation ⓘ |
| availability | downloadable from IRS website ⓘ |
| effectOnEntity | changes federal income tax classification but not state law entity type ⓘ |
| filedWith | Internal Revenue Service ⓘ |
| filingDeadline |
at any time during the tax year preceding the tax year the election is to take effect
ⓘ
no later than 2 months and 15 days after the beginning of the tax year the election is to take effect ⓘ |
| format | paper form ⓘ |
| governingLawSection | Internal Revenue Code section 1362 ⓘ |
| governsTaxYear | generally the tax year beginning after the filing if filed late without relief ⓘ |
| governsUnder |
Subchapter S
ⓘ
surface form:
Subchapter S of the Internal Revenue Code
|
| issuedBy | Internal Revenue Service ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| language | English ⓘ |
| lateElectionRelief | may be available under certain IRS procedures ⓘ |
| notUsedFor |
electing C corporation status
ⓘ
electing partnership tax status ⓘ |
| officialName | Election by a Small Business Corporation ⓘ |
| purpose | to elect S corporation status for federal income tax purposes ⓘ |
| relatedTo |
Form 1120-S
ⓘ
S corporation tax treatment ⓘ |
| requires |
all shareholders must consent to the S corporation election
ⓘ
corporation must be a domestic corporation ⓘ corporation must have only allowable shareholders ⓘ corporation must have only one class of stock ⓘ corporation must not have more than 100 shareholders ⓘ |
| requiresInformation |
corporation name and address
ⓘ
date of incorporation ⓘ employer identification number ⓘ shareholder Social Security numbers or EINs ⓘ shareholder consent signatures ⓘ shareholder names and addresses ⓘ shareholder stock ownership percentages ⓘ state of incorporation ⓘ tax year for which the election is made ⓘ |
| scope | federal income tax only ⓘ |
| shareholderRestrictions |
shareholders cannot be corporations
ⓘ
shareholders cannot be nonresident alien individuals ⓘ shareholders cannot be partnerships ⓘ shareholders generally must be individuals, certain trusts, or estates ⓘ |
| taxClassificationEffect |
Subchapter S
ⓘ
surface form:
S corporation
pass-through taxation for federal income tax purposes ⓘ |
| usedBy |
eligible domestic corporations
ⓘ
eligible limited liability companies ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Form 2553 Description of subject: Form 2553 is the IRS election form that allows eligible domestic corporations and certain LLCs to be taxed as S corporations for federal income tax purposes.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.