BlogBusiness FormationS-CorpStartupsTaxS Corp Tax Election Forms

December 3, 2021by Jeffrey Davis

Looking to make the S-Corporation election ? You’ll need to file two forms, one with the State and the other with the IRS:

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.

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