One way they can do this is by filing their taxes as an S-corp. To do this, they must fill out Form 2553. But all this flexibility comes from within an incredibly rigid and convoluted bureaucratic ...

A business created as an S corp must meet all federal guidelines for an S corp and file Form 2553.To be eligible for S corp election, the business must: An S corp is a business structure and tax ...

To be eligible for S corporation tax benefits, the small business must complete and submit Form 2553 to the Internal Revenue Service. The business is not permitted to take advantage of pass ...

Problems with S elections frequently cause them to be invalid when made or to terminate. This article discusses four of the ...

While an LLC is by default a pass-through entity, pass-through taxation as an S Corp is handled a little differently—more on that later. An LLC or corporation must file Form 2553 (election by a ...

Changing a regular corporation, or C corporation, to an S corporation requires you to make a tax election with the Internal Revenue Service that places the corporation under the tax provisions of ...

To verify whether your business qualifies as an S corporation, check the requirements listed in the IRS' instructions for Form 2553, which you'll have to file when you incorporate. A key one is ...

An S corp is an organization that has chosen to pass ... corporate taxes Passes profits and losses to shareholders in the form of wages and dividends that are reported on shareholders’ personal ...