What Is an S Corp? An S Corporation is a specific type of corporation that is designed to avoid the double taxation issue that regular corporations (C Corporations) face. S Corp elects to pass ...

Many entrepreneurs with a Limited Liability Company (LLC) or C Corporation find S Corporation tax treatment an attractive option. An S Corporation is not a business entity in and of itself, but rather ...

Converting your LLC to an S-corp when filing your tax return can be a complicated process, but it is possible. Find out how it can be done.

The IRS may grant you the S Corp election for the current tax year if you demonstrate reasonable cause for missing the due date. If you were looking forward to the tax advantages of electing S ...

An S corp is an organization that has chosen to pass its tax burden to its shareholders, rather than report income, losses, deductions and credits directly to the Internal Revenue Service (IRS).

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed. And I expect that occasionally you've encountered clients who made a change at one point but ...

An S corp and C corp share a number of similarities. They are both types of corporations recognized by the IRS. They can also both raise funds by issuing stock to shareholders. However, S corps are ...