For the complete documentation index, see llms.txt
For the complete documentation index, see llms.txt
How long does it take the IRS to process an S-Corp election (Form 2553)?
Processing an S-Corp election (Form 2553) typically takes about 60 days from the date the IRS receives it. If you checked the box requesting a specific fiscal tax year with a business-purpose statement (Part II, box Q1), add about 90 more days on top of that. When to file File Form 2553 no later than 2 months and 15 days after the start of the tax year you want the election to take effect, or at any time during the year before it.
Filing later than this generally pushes your election to the following tax year. If you haven't heard back The IRS will send you a notice confirming whether your election was accepted and when it takes effect, or telling you why it was rejected. If you haven't heard anything within 2 months of filing (or 5 months, if you checked box Q1), call the IRS Business & Specialty Tax Line at 1-800-829-4933 to check on its status.
Keep in mind actual timelines can shift depending on the time of year and current IRS workload, so treat 60 days as a typical estimate rather than a guarantee.