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.

Learn how business credit cards work for S corporations, including application requirements, personal guarantees, business ...

An S corporation is a peculiar business, from a tax perspective, that can be complicated for a small business. An S corporation does not pay payroll taxes or taxes on all its income, as these tax ...

A direct conversion of an S corporation into a C corporation, or a merger of an S corporation into a C corporation, will produce only limited Section 1202 benefits, and only with respect to new stock ...

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 ...

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 ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

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 ...