How does my business become an S Corporation, assuming that it otherwise satisfies the S corporation requirements?

How does my business become an S Corporation, assuming that it otherwise satisfies the S corporation requirements?
Frequently Asked Questions

Can you give me plain English definitions for the following: (1) a closely held corporation, (2) a personal holding company, and (3) a personal service corporation?

Can you give me plain English definitions for the following: (1) a closely held corporation, (2) a personal holding company, and (3) a personal service corporation?
Frequently Asked Questions

For IRS purposes, how do I classify a domestic limited liability company (LLC)? Is it a sole proprietorship (disregarded entity), partnership, or a corporation?

For IRS purposes, how do I classify a domestic limited liability company (LLC)? Is it a sole proprietorship (disregarded entity), partnership, or a corporation?
Frequently Asked Questions

Must a partnership or corporation file an information return or income tax return even though it had no income for the year?

Must a partnership or corporation file an information return or income tax return even though it had no income for the year?
Frequently Asked Questions

Do I need to pay taxes on the additional stock that I received as the result of a stock split?

Do I need to pay taxes on the additional stock that I received as the result of a stock split?
Frequently Asked Questions

What is the due date for business income tax returns?

What is the due date for business income tax returns?
Frequently Asked Questions

Is an S corporation required to pay quarterly estimated tax?

Is an S corporation required to pay quarterly estimated tax?
Frequently Asked Questions

I recently formed a limited liability company (LLC). The LLC has no employees, isn't subject to relevant excise taxes, and hasn't elected to be taxed as a corporation. Do I need a separate federal tax ID number for the LLC?

I recently formed a limited liability company (LLC). The LLC has no employees, isn't subject to relevant excise taxes, and hasn't elected to be taxed as a corporation. Do I need a separate federal tax ID number for the LLC?
Frequently Asked Questions

I received an academic scholarship that is designated for tuition and books. Is this taxable income?

I received an academic scholarship that is designated for tuition and books. Is this taxable income?
Frequently Asked Questions