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

What is the due date for business income tax returns?

What is the due date for business income tax returns?
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

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