How to Change LLC to S Corp Tax Status || tutorial of IRS form 2553 to elect s corp status

(Per request from Patreon supporters!!) Do you have a limited liability corporation (LLC) and you'd like for it to be taxed like an S Corporation? This can be the best of both worlds, so you have the simplicity of an LLC with the tax benefits of an S Corp. In this video, I share a tutorial walkthrough of how to fill out Form 2553 and change the tax status of your LLC.

IRS Form 2553: https://www.irs.gov/forms-pubs/about-...
S Corporations Generally: https://www.irs.gov/businesses/small-...

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