Washington Sample Letter regarding Articles of Incorporation — Election of Sub-S Status [Your Name] [Your Address] [City, State, Zip] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip] Subject: Election of Sub-S Status for [Company Name] Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally notify you of our intent to elect Subchapter S Corporation (Sub-S) tax status for [Company Name], a corporation incorporated under the laws of the State of Washington. As per the provisions under the Internal Revenue Code Section 1362(a), we hereby notify the Internal Revenue Service (IRS) of our desire to be treated as a Sub-S Corporation, effective from the beginning of the tax year [Year]. This election is made in accordance with the requirements and regulations set forth by the IRS. To ensure a smooth transition in our tax status, we have enclosed the necessary documents and information that need to be filed with the IRS: 1. Form 2553 — Election by a Small Business Corporation: We have completed this form as per the instructions provided by the IRS. Please find the duly signed and completed Form 2553 enclosed with this letter. 2. Articles of Incorporation: The Articles of Incorporation for [Company Name] have been attached, as required by the IRS when making the Sub-S Corporation election. These documents prove that [Company Name] is a properly incorporated entity under the laws of the State of Washington. 3. Shareholder Consent: We have obtained written consent from all the shareholders of [Company Name], authorizing the election of Sub-S status. Enclosed you will find copies of these signed shareholder consent forms. 4. Entity Classification Election: In compliance with the Treasury Regulation Section 301.7701-3(c), we have enclosed Form 8832 — Entity Classification Election, if applicable to [Company Name]. Please review the form to determine if it needs to be filed. We kindly request that you review the enclosed documents and take the necessary steps to process our election of Sub-S status, ensuring our compliance with the IRS guidelines. We understand that filing deadlines and procedures may vary, and we trust your expertise in completing the process in a timely manner. If there are any additional forms, fees, or actions required to complete the election process, please inform us at your earliest convenience. We are more than willing to provide any further information or clarification necessary to expedite the process. Thank you for your prompt attention to this matter. Should you have any questions or require any further information from our end, please do not hesitate to contact me at [Phone Number] or [Email Address]. We look forward to receiving confirmation of our successful Sub-S status election from the IRS. Sincerely, [Your Name] [Your Position] [Company Name]
Washington Sample Letter regarding Articles of Incorporation - Election of Sub-S Status
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FAQ
If you've lost your S-Corporation Approval Letter, known as the CP261 Notice, you cannot request another copy of it. However, you can request an S-Corp Verification Letter, or 385C, by calling the IRS at 1-800-829-4933.
The corporation will receive an acknowledgement if the S corporation election is accepted and when it will take effect. The corporation will also be notified if the election isn't accepted. If the notification of acceptance or nonacceptance is not received, the corporation should follow up by calling 800-829-4933.
A federal S election ceases to be effective on the first day following the third consecutive taxable year in which the corporation (1) has subchapter C earnings and profits at the close of each of thr ee consecutive taxable years and (2) has gross receipts for each of such taxable years more than 25 percent of which ...
Normally, the IRS will send you your S corporation application determination up to 60 days after you send in your application, known as Form 2553. Sometimes the determination might be delayed for various reasons.
In order to become an S corporation, the corporation must submit Form 2553, Election by a Small Business Corporation signed by all the shareholders. See the Instructions for Form 2553PDF for all required information and to determine where to file the form.
How Long Is the S Corporation Election Process? The IRS will let you know whether your S corp election has been accepted within 60 days after you file Form 2553. However, if you checked box Q1 in Part II requesting that the IRS send you a ruling letter, acceptance of Form 2553 can take an additional 90 days.
S Corporation Elections A small business corporation elects federal S corporation status by filing federal Form 2553 (Election By a Small Business Corporation) with the Internal Revenue Service.
After filing Form 2553, the IRS will send either an acceptance or denial letter to the business within 60 days of filing. If the election is accepted, the letter will show the effective date.
