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. |
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