What if I file Form 2553 late? The IRS allows relief for late elections if you meet specific criteria and can show “reasonable cause,” often requiring a late-election statement on Form 2553. admin_ebd22025-06-11T15:07:21-07:00S Corp| Share This Story, Choose Your Platform! FacebookXRedditLinkedInWhatsAppTelegramTumblrPinterestVkXingEmail