edrporaticn that meets ?extern tests afbefit will be electing S I corporation Altana it mast timely fills Form 2553, Zrectical by & Sbaltbseimiss CarPoratiOn. The II.0 will be'treited aff a eat:per:at:Ion :ea of the effective date of the S corporation election and does not need to file Form 8032. . i I

ie:Operatic@ that meeta cortatn tests Wit will be electing S I corporation statue, it moat tFiapely fills Form 25&3, Rrectical by & Sbaltieblibess CarPoratiOn. The 1LC will be'breite$ ag a ferpbeation as of the effetive date of the S cofPotatitm election and does not need to file Form 8032. . i I TO obt