S-Corp Election: How to Elect S-Corp Status for Your LLC If you’re running a profitable LLC, the S-Corp election could cut your self-employment tax bill by $10,000 or

Late S-Corp Election: How to File After Missing the Deadline You meant to file Form 2553 by March 15. Now it’s July. The IRS deadline came and went,

IRS Form 2553 is a single page that can save your business thousands in taxes every year. It’s also one of the most commonly botched filings we see: