While a partnership is an informal business structure when compared to an S corporation, both are similar in their tax requirements for their ability to avoid corporate taxes. General partnerships ...

An S corporation, no matter how small, must account for business transactions throughout the year. This is necessary to comply with federal and state tax reporting requirements at the end of the year.

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 ...

U.S. Income Tax Return for an S Corporation is used to report the income, losses, and dividends of S corporation shareholders ...

A few weeks ago, we published a Tax Geek Tuesday column discussing how to determine a shareholder’s basis in the stock of his S corporation. Early in the column, we explained that the reason a ...

S corporations have become the dominant business entity type, in part because requirements for electing the status have been relaxed and clarified. An S corporation may now have more shareholders ...

Sometimes a C corporation considering S corporation status has a trust as a shareholder. If the trust was not originally drafted with the intent of being an eligible S corporation shareholder but ...

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The S corporation is often more attractive to small-business owners than a standard (or C) corporation. That’s because an S corporation has some appealing tax benefits and still provides business ...