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The "S" in S Corporation stands for "Small Business." An S Corporation is a special type of corporation that allows income to be passed through to shareholders to avoid double taxation, while still providing the liability protection of a corporation. This designation is available to eligible domestic corporations that meet specific requirements set by the IRS.
What else can I help you with?
Can a collection agency freeze your business account s corp for personal credit card?
Absolutely not. An S corporation specifically protects your personal finances.
Tax term con corp and con w2?
this is related to job/hiring. con = contract, corp = contract with (directly) the corporation, con w2= contract with another (middle vender) who places you on HIS w2.
On what form of the 1040 do report rental income received for heavy equipment I rent to my S-Corp?
Rental income is reported on Schedule E.Since it's not an arm's length relationship (you are a related party to your S-corp), you should see a tax professional to make sure you are claiming fair rental value and not giving the S-corp a discount on rent.You also should see a tax professional because you need to properly depreciate the asset. Otherwise you'll have serious consequences in a later tax year and it'll be too late to get a refund.
Does RCA Corp exist?
I worked for the Hertz corp. from 1974 to 1980,am I eligible for a pension?
Do you 1099 a receiver of sweat equity stock?
Yes, unless they are an employee or 100% owner of an S corp (considered an employee by the IRS). Then it's a W2.
Is INC classified as an S Corp?
No, INC is not classified as an S Corp.
How do you dissolve an S Corp in Nevada?
An S Corp is dissolved by filing a certificate of dissolution with the Nevada agency where the Corp is registered. Once the paperwork is filed, the S Corp is considered dissolved.
What is MedCath Corp.'s population?
MedCath Corp.'s population is 30.
Can an Inc be structured as an S Corp?
Yes, an Inc can be structured as an S Corp.
PNC what stand for Pittsburgh National Corp?
Yes
What does PATCO stand for?
port authority transit corp
What does LKQ Corp. stand for?
Like Kind and Quality.
What does MCA stand for in music?
Music Corp of America
Should you have an s corp or a c corp?
in the US, you want an s corp if you want more personal investment in the company. c corp is more limited liability. also for s corp there is no corporate tax rate (it's the same as your personal rate) but for c corp you pay the corporate tax rate.
What is Norfolk Southern Corp.'s population?
Norfolk Southern Corp.'s population is 30,709.
What is PAETEC Holding Corp.'s population?
PAETEC Holding Corp.'s population is 2,010.
What is VG Holding Corp.'s population?
VG Holding Corp.'s population is 2,007.
