Looking to make the S-Corporation election ? You’ll need to file two forms, one with the State and the other with the IRS:
- (New York State Form) https://www.tax.ny.gov/bus/ct/s_corporations.htm
- (IRS Form) https://www.irs.gov/forms-pubs/about-form-2553
For details, see Tax and Payments in the Instructions for Form 1120-S, U.S. Income Tax Return for an S Corporation.
How to make or terminate the New York S election
To make the New York S election, file Form CT-6, Election by a Federal S Corporation to be Treated As a New York S Corporation.
To terminate the New York S election, file Form CT-6.1, Termination of Election to be Treated As a New York S Corporation.