Dear TaxGuru,

What is the procedure for converting a C Corporation to an S Corporation, as I want to avoid paying double taxes?

This is a smart move, usually the procedure is to file an election on Form 2553, (Election by a small business corporation)

I would recommend that you have your CPA fill this form out as there are some questions that need to be addressed.

Also, do not forget to file a form for your State as well, election to convert to an S corporation.