Entrepreneurs are opening businesses everywhere. Image: Small Business Administration. Starting a business is exciting, but it comes with all kinds of decisions to make. On the tax front, many ...
HOUSTON, April 27, 2022 (GLOBE NEWSWIRE) -- A Houston-based legal and tax services provider is offering a digital platform to support business owners as they file form 2553 - the paperwork necessary ...
Operating a business as an S corporation can be kinda’ nice. Limited legal liability. Pass-through, single-level taxation. All the good stuff an enterprising business owner would hope for out of an ...
In Rev. Proc. 2007-62 (released Oct. 9, 2007), the IRS has provided a new simplified method for taxpayers to request relief for late S corporation elections. A small business corporation may make an ...
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 ...
If the Form 2553 is filed without such modifications, we must then address what is the status of the entity. The preferred status is a partnership (two or more owners) or a disregarded entity (one ...