FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
Thursday, Dec. 22
Business Type S Corporation, #105
An S Corporation is an ordinary business corporation that has elected to be taxed under Subchapter C of the Internal Revenue Code. It is not taxed on its earnings as a corporation. Instead, its earnings are passed through to its shareholders for tax purposes. Why S Corporations Exist