Elect Your Company To S Corporation With Just a Few Clicks. Let our experienced team review and e-file your S-Corp election (IRS Form 2553) with the IRS and appropriate state agencies.
You can make the Section 179 election right on Form 4562. TurboTax Tip: You may be able to deduct the full cost of some depreciable property in one tax year if you make a Section 179 election. The annual limit for this deduction is $1,220,000 of costs (tax year 2024). Bonus ...