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Cary North Carolina online Form Steps to Complete 2553 IRS: What You Should Know
For each state, use the states on the right where you live, office for more information. North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, North Carolina, Ohio. How much does it cost? 2 per taxpayer or 300 if a C corporation, 1.2 per taxpayer for an S-Corp and 0.02 per 10,000.00 of gross receipts. Why do I need to file Form 2553? If you are a small entity that is subject to a tax levy, filing Form 2553 allows you to elect to be taxed as an S corporation even if you will not be receiving income with which to pay the levy. Why is Form 2553 required? If you are a small entity that is subject to a tax levy, filing Form 2553 allows you to elect to be taxed as an S corporation even if you will not be receiving income. (It is not a form to be used if you are not a corporation or if you are exempt or a domestic partner.) This filing will also allow North Carolina to collect any taxes due against your profits and avoid those extra costs associated with filing an annual tax return. Can I file Form 2553 even if the business is doing well? Yes. North Carolina is currently considering a tax “holiday” that will make it easier for businesses to file Form 2553. However, this is subject to change. Form 2553 should be filed even if the tax situation is poor. I haven't yet heard of any special circumstances that would affect my filing of Form 2553. What should I do if I have questions about a North Carolina business filing Form 2553? Call the office at or email. What if I am required to file with a Form 2553? The Form 2553 form must be filed for a taxpayer that is a Small Entity that is subject to a tax levy (and it should not be considered a form to be used if the business is not taxable). Who is required to file Form 2553? The North Carolina Department of Revenue. Where can I find more information about Form 2553? On the Taxpayer Assistance Center and online. Who can file a Form 2553? Generally only taxpayers that reside or do business in North Carolina, Ohio, Pennsylvania or Rhode Island. I want to file a Form 2553. Can I use a North Carolina Business Name or Business Address? No. You must include a North Carolina Business Name and a North Carolina Business Address in your Form 2553.
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