The IRS tells us there are approximately two S Corporations (“S Corps”) for every one C Corporation filing a corporate tax return. I find S Corps a wonderful planning structure for privately ...

The House Ways and Means Committee on September 15 th, approved tax increases and tax relief proposals that are to be acted on by the House of Representatives as part of the “Build Back Better ...

She elected S corporation status when the individual tax rates were lower than those for a C corporation. When an S election is made, the prior retained earnings are trapped in the company unless ...

To discourage corporations from switching to S status just to avoid tax on asset sales, the federal government taxes such sales at 35 percent, the top tax rate. The corporation, not you and the ...

Several factors distinguish S Corp vs C Corp tax advantages. Choosing to become a C Corp or S Corp can have a sizable effect on a business’s future, growth, and investor base. There’s no easy ...

Can I terminate the corporation and recognize the $200,000 loss? How do I figure S-corp taxes? - Remaining Bro Dear Remaining Bro, The general rule is that a liquidating corporation recognizes a ...

When comparing C corp vs. S corp, there are three main categories in which they differ: formation, ownership and taxation. According to Nav Technologies, C corporations are considered the default ...

For an owner-operator previously banking $80K in income annually who moves to pay him- or herself a salary of $50K and file tax returns as an S Corp, the tax savings on that additional $30K would ...

The Internal Revenue Service closes an unusually high percentage of audits of S corporation tax returns with no recommended adjustments, suggesting that many of the audits are unnecessary and ...

Many business owners set up their businesses using corporations that can qualify for an election under Subchapter S of the Internal Revenue Code. By. Tax Treatment of Selling a Subchapter S ...

To reduce state taxes, historically at this time of year S corporation owners are making their shareholder bonus lists and checking them twice; however, tax reform means a bonus may result in ...