U.S. Income Tax Return for an S Corporation is used to report the income, losses, and dividends of S corporation shareholders ...

The decision to file an S election requires consideration of the tax year to be used by the S corporation. At the time  Form ...

The IRS may grant you the S Corp election for the current tax year if you demonstrate reasonable cause for missing the due date. If you were looking forward to the tax advantages of electing S ...

A direct conversion of an S corporation into a C corporation, or a merger of an S corporation into a C corporation, will produce only limited Section 1202 benefits, and only with respect to new stock ...

When an S corporation incurs losses, its shareholders can directly deduct their share of them in accordance with the flowthrough rules of subchapter S. A shareholder’s aggregated amount of losses and ...

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 ...

T o be an S corporation, a corporation must make a subchapter S election by no later than the fifteenth day of the third month of the taxable year for which the election is to be effective. If the ...

The SECURE 2.0 Act of 2022 (“SECURE 2.0”) made numerous changes to the complex web that makes up U.S. retirement plan laws. Of interest to S corporations that may be considering an employee stock ...

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