For U.S. federal tax purposes, an S corporation and C corporation have different filing obligations and tax treatments. This article examines the key differences between an S corporation and C corporation.
An S corporation has fairly strict rules regarding how it allocates income, credits, and distributions to shareholders. S corporation's are allowed to have only one class of stock issued and outstanding to its shareholders.
The Form 8869 can be filed by an S corporation in order to treat one of its corporate subsidiaries as a qualified subchapter S subsidiary.
For many business owners, the S corporation may not be the best choice for entity selection. This article and video discuss the top 5 reasons to avoid the S corporation structure.
S corporation shareholders are generally allowed to deduct the health insurance premiums paid by the corporation. However, there are special reporting requirements which must be followed. This article and video discusses those reporting requirements.
The S corporation election is a popular choice for many small businesses. This article and video tutorial cover a sample Form 2553 "S" corporation election.
