Did You Know?
✅ S-corporations, short for subchapter corporations, are corporations that elect to pass corporate income, losses, deductions, and credits through totheir shareholders for federal tax purposes.
✅ Unlike limited liability corporations, S-corporations have shareholders.
✅ Shareholders of S corporations report the flow-through of income andlosses on their personal tax returns and are assessed tax at their individualincome tax rates.
✅ This allows S-corporations to avoid double taxation on the corporate income.
S-corporations are responsible for tax on certain built-in gains andpassive income at the entity level.
Welcome! This eBook is for you.
We will cover the following with regards to an S-Corporation:
✅ How ✅ What ✅ Who ✅ When ✅ Why ✅ Where
