Discover how LLCs and S Corporations compare in tax implications, ownership structures, and legal liabilities to choose the best business structure for you.
If you have business clients who are considering changing their LLCs or C corporations into S corporations, now is a great time to discuss the pitfalls.
S Corporations & Partnerships can now prepare, e-file, and deliver Schedule K-1s easily with TaxZerone — All in One ...
U.S. citizens married to nonresident aliens with international community property rules. Ownership of S corporation stock by foreign spouse destroys S election.
Electing to establish an S corporation could unlock the tax benefits enjoyed by millions of small business owners — as long as financial advisors and clients avoid some pitfalls. Processing Content ...
An S-Corporation is still a pass-through for federal income tax, but it adds a layer of payroll structure. The IRS states that S-Corporations “elect to pass corporate income, losses, deductions, and ...
An S Corporation is an IRS tax classification that allows an eligible entity to be a pass-through entity for tax purposes. This means that the business owners will report their share of business ...
The IRS issued proposed regulations on the Sec. 162(m) $1 million limit on executive compensation paid by certain publicly held corporations. An IRS letter ruling allowed an otherwise qualified ...