A guide to tax savings with S-corporations
An S-corporation is a federal tax election and can be formed from a regular company (a C-corp) OR an LLC.
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An S-corporation is a federal tax election and can be formed from a regular company (a C-corp) OR an LLC.
S-corporations (“S-corps”) is the technical term for the federal tax election, aka IRS Form 2553, and are named after their place in the IRS code, subchapter “S.”
The battle of supremacy between S & C corporations continues to rage with the new tax law changes.