B 58 Form is a document that you must file with the IRS in order to declare an S Corporation election. This document is used to notify the IRS that you have elected to have your business treated as an S Corporation for tax purposes. There are certain requirements that must be met in order to make this election, so it is important to understand what they are before making a decision. Filing the B 58 form can provide several benefits for businesses, including lower taxes and limited liability protection. If you are considering electing S Corporation status for your business, be sure to consult with a tax professional first to determine if it is the right choice for you.
| Question | Answer |
|---|---|
| Form Name | B 58 Form |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names |
