Section 14
The S Corporation
An S corporation is a small business corporation. This election avoids the usual double taxation since the S corporation is essentially taxed as a partnership. This prevents both the corporation being taxed and then shareholders (owners) when profits are distributed in the form of dividends. Certain requirements are necessary to satisfy to qualify as an S corporation.
This section contains samples of requirements, statutes, and tax information to meet those requirements.
The service of properly completing this IRS form is included also in the Small Business Bookkeeping Service.