Hi, I'm Jackie Jackson, and I'm gonna talk to you about how to fill out the S-corp form. Now an S-corp or an S-corporation is a corporation that has been given authority by the IRS, the Internal ...

A corporation, including one that is taxed as an S corporation, must always file its initial tax return with the Internal Revenue Service, even if it had no business activity to report. For an S ...

The IRS has always had S Corp shareholders attach informal schedules to their tax returns to report their stock and debt basis. Starting with returns for 2021, the IRS mandates attaching a new form: ...

Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Are you a new small-business owner who wants clarity on the main difference between an S ...

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed. And I expect that occasionally you've encountered clients who made a change at one point but ...

Business entity type and tax structure impact your organization’s finance and compliance requirements. Two popular choices are limited liability companies (LLCs) and S-corps. Although the arrangements ...

Under current tax law, an S corporation cannot produce earnings and profits (E&P); only C corporations can. However, if the S corporation was previously a C corporation, it may have accumulated E&P ...

There are three main options: salary, distributions or both. The best choice depends partly on your role in the S-corp. Many, or all, of the products featured on this page are from our advertising ...

An S corp and C corp share a number of similarities. They are both types of corporations recognized by the IRS. They can also both raise funds by issuing stock to shareholders. However, S corps are ...