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Printable Form Steps to Complete 2553 IRS Oxnard California: What You Should Know
It's about the same except it has a new box for “qualified. Subchapter S Subsidiary Election” on line 3 of the Schedule K-1 and the language to make the election in the box is now under Line 10 instead of Line 12 (the earlier one from the Schedule K-1 from the first edition). The “Qualified. Subchapter S Subsidiary Election” is on page 9. It looks just like the current one except line 10 has a line for the candidate's name. On the line it reads “Name:” and under “Eligible Business”. You would use “Subchapter S Subsidiary Election” for your self-employment tax return or any return that you want to be a taxable S corporation.
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