TaxGuyBill
Level 15
01-21-2023
10:10 AM
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Yes, 2553 is used to make the election.
If the corporation existed all of 2022, the S-election for 2022 was due March 15th, 2022. *IF* the taxpayer meets the qualifications, there is a "late election", but nothing in your post indicates that they qualify for that.
https://www.irs.gov/instructions/i2553#idm139855003380112