Category Archives: Subchapter S

An S corporation is a type of corporation that the IRS recognizes. S corporations follow taxation rules that differ from those that regular corporations follow. A main difference is that S corporations are exempt from double taxation. This is because … Continue reading →

The owners of any business, irrespective of the size, can benefit from incorporating. With the Tax Reform Act of 1986, the S Corporation became a highly desirable entity for corporate tax purposes. An S Corporation is a special tax designation … Continue reading →

An S corporation is a corporation that has obtained an additional status at the IRS. There are restrictions as to who may file as an S Corporation. It must be a domestic company S corporations cannot have more than 100 … Continue reading →

S Corporation is an elective provision that permits small business corporations and their shareholders to elect special income tax treatment. To become S Corporation or Small Business Corporation, the IRS has several special requirements. The corporation must timely file IRS … Continue reading →

S Corporation is an elective provision that permits small business corporations and their shareholders to elect special income tax treatment. In S corporation status, corporate income tax can be avoided and shareholders can claim corporate losses. These are domestic corporations … Continue reading →

In any business entity, the type of business determines the income tax return form to be filed. In other words, the business structure determines the legal and tax considerations. S Corporation is one of the most common forms of business … Continue reading →

Like everyone else, I am concerned about making and saving money. Unfortunately, there are no easy solutions and the decisions we make require careful contemplation. Stress arises when we do not have all of the information we need to make … Continue reading →

Our friends at the Internal Revenue Service have found that out of all corporate income tax returns filed in the United State, 57% are filed as Subchapter S corporations. Because of this statistic, a compliance check of these entities is … Continue reading →

More than a few people prefer to form corporations to protect their businesses, but look for a more favorable tax situation. The answer, of course, is the S-corporation. For a long time, corporations were the dominant business entity available to … Continue reading →

If you are not familiar with them yet, S Corporations are simply companies (corporation or limited liability corporation) which do not pays any taxes on its corporate profits. Under the Internal Revenue Code's chapter 1 and Subchapter S, only the … Continue reading →