S-corporation election
S-corporation status is a federal tax election for an eligible entity, generally requested with IRS Form 2553. The usual deadline is within 2 months and 15 days of the start of the tax year for which the election is intended. Eligibility, shareholder consent and any late-election relief must be evaluated with a qualified tax professional.
Last reviewed: October 2026
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Election, not a separate Florida filing
A Florida corporation or eligible LLC may elect S-corporation tax treatment if federal requirements are met. Restrictions include eligible shareholders, a permitted number of shareholders and one class of stock. Do not assume every LLC qualifies.
Timing and consent
Form 2553 is generally filed no later than 2 months and 15 days after the tax year begins, or during the preceding tax year. A newly formed entity may have a short first tax year. Shareholders must consent; confirm the effective date and any calendar adjustments with your tax adviser.
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Our filing team assists with document preparation using the information you supply. We do not recommend tax elections, determine tax savings or provide accounting advice. Service pricing is shown at checkout; IRS acceptance is not guaranteed.
Frequently asked questions
Which form is used?
IRS Form 2553, Election by a Small Business Corporation, is generally used to request S-corporation status.
What is the usual deadline?
Within 2 months and 15 days of the start of the tax year the election is to take effect, or during the preceding tax year. Verify your specific situation with a tax professional.
Can a late election be accepted?
IRS late-election relief may be available if the conditions are met. It is not automatic; consult the current Form 2553 instructions and a tax professional.