Form 2553 - Entering or Reviewing
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Form 2553, Election by a Small Business Corporation should be filed at a different time than your Form 1120-S, U.S. Income Tax Return for an S Corporation or Form 1120, U.S. Corporation Income Tax Return. Form 2553 must be filed by mail or fax.

To enter or review information on Form 2553:

  1. From within your TaxAct 1120 or 1120-S return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
  2. Click Election by a Small Business Corporation, then continue with the interview questions to enter or review your information.

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