Instructions For Form 2553 - Election By A Small Business Corporation Page 6

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Part IV
intended to be effective. For more information on making
these late elections, see
Relief for a Late S Corporation
The representations listed in Part IV must be attached to a
Election Filed By an Entity Eligible To Elect To Be Treated as
late corporate classification election intended to be effective
a
Corporation, earlier.
on the same date that a late S corporation election was
Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the
United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to
allow us to figure and collect the right amount of tax.
You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless
the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long
as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return
information are confidential, as required by section 6103.
The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for
business taxpayers filing this form is approved under OMB control number 1545-0123 and is included in the estimates shown
in the instructions for their business income tax return. The estimated burden for all other taxpayers who file this form is shown
below.
Recordkeeping
9 hr., 48 min.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Learning about the law or the form
2 hr., 33 min.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preparing and sending the form to the IRS
4 hr., 1 min.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we
would be happy to hear from you. You can send us comments from IRS.gov/FormComments. Or you can write to the Internal
Revenue Service, Tax Forms and Publications Division, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Don’t
send the form to this office.
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