An S corporation, also known as S Corp, is an election made by a business that has decided to operate as a corporation. By filing Form 2553, Election by a Small Business Corporation, with the Internal Revenue Service, the corporation can opt to be taxed as an S Corp. This provides a ...
Want to elect your company to be taxed as an S-Corporation? But you don’t want to deal with paperwork? We are here just to take care of it for you. We prepare and e-file your S-Corp election paperwork with the IRS and your State Agency. We’ll get your S-Corp approved quickly...
New election for S corp shareholders.(Brief article)Josephs, Stuart R
Late S Corp Election Advantages As you know, being taxed as an S Corp has huge tax savings because you avoid self-employment taxes. Through an S Corp election you are limiting the amount of income subject to Social Security and Medicare taxes which are bundled to be called self-employment ...
Add 15 days to get November 5th. Your S-Corp election must be filed by November 5th to take effect in your first tax year.For an Existing BusinessTo make an election in subsequent years, you may file the election at any point from the first day of your preceding tax year up to two ...
“If it wasn’t for [Musk] we’d be f---,” Rogan wrote. “He makes what I think is the most compelling case for Trump you’ll hear, and I agree with him every step of the way.” Rogan added: “For the record, yes, that’s an endorsement of Trump.” Trump...
White House Chief of Staff Jeff Zients reached out to Trump-Vance Transition Co-Chairs Linda McMahon and Howard Lutnick, the CEO of Cantor Fitzgerald, to convey the Biden Administration's intentions to lead an orderly transition process, a White House official told NBC News. ...
Mail Act of 1925, also known as the Kelly Act. This was the first chess piece to be moved in an effort to accelerate aviation technology and aircraft performance. Under this piece of legislation, eight airline routes were advertised from which carriers could receive up to80% of postal ...
The short answer: Your bank probably won’t be closed. However, even though today isn’t an officialFederal Reserve banking holiday, your bank might be closing early. So, it may be worthwhile to confirm with your local branch that it’s going to be open normal hours. ...
What are you seeing, hearing and keeping an eye on in this final stretch? Let me know: coprysko@politico.com. And be sure to follow me on X: @caitlinoprysko. WHAT THE NUMBERS MEAN: Some of D.C.’s top government relations shops saw lobbying revenues dip l...