by Steven J Weil, PhD, EA, LCAM | Feb 20, 2023 | Blog, Business Tax
Unlike regular (non-S-Corporations) S-Corporations do NOT pay income tax. Instead they are considered pass-through entities. This means that the business’s profits, losses, and other items of the S-Corporation are passed through to the owners/shareholders in the year...
by Steven J Weil, PhD, EA, LCAM | Feb 13, 2023 | Blog, Business Tax
To make the election to be treated under Sub Chapter S of the Internal Revenue Service Code a corporation must: 1) Be a U.S. Corporation (one set up under the laws of any state) of another entity that makes an election to be treated as a corporation under the tax code...
