Many people think that an S-Corporation is a type of corporation, but really, an S-Corporation is a C-Corporation with an S-Corporation tax election. When the S-Corp tax election is made, the entity is telling the IRS that it would like to be taxed as a partnership rather than as a...
(CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with...
Weibo Corporation (Exact Name of Registrant as Specified in Its Charter) Not Applicable (Translation of Registrant's name into English) Cayman Islands (State or Other Jurisdiction of Incorporation or Organization) Not Applicable (I.R.S. Employer Identification Number) 8/F, QIHAO Plaza, 8 Xinyu...
The S corporation has a responsibility to file an informational income tax return each year as well as a range of other IRS forms.
Withdraw your election to be taxed as an S corporation with the IRS. Draft a letter to the IRS requesting that your S corporation election, made when you filedIRS Form 2553- Election by a Small Business Corporation, be withdrawn. State the effective date of the withdrawal. Send the letter ...
This special tax status combines the legal protection of a traditional corporation with corporate tax savings—which is why it’s now the most common corporation type in the US, according to the IRS. While millions of business owners choose to operate as S corps, getting and keeping this tax...
Withdraw your election to be taxed as an S corporation with the IRS. Draft a letter to the IRS requesting that your S corporation election, made when you filedIRS Form 2553- Election by a Small Business Corporation, be withdrawn. State the effective date of the withdrawal. Send the letter ...
The provisions of ASU 2020-04 are effective as of March 12, 2020 and may be adopted prospectively through December 31, 2022. As of January 30, 2022, we adopted this ASU with no material impact to our consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, ...
In the quarter, the adjusted net loss attributable to common stockholders was $10.9 million as compared to an adjusted net loss of $19.2 million in the prior year quarter, after adjusting for the following charges: change in fair value of warrant liabilities, amortization of intangible assets, ...
Withdraw your election to be taxed as an S corporation with the IRS. Draft a letter to the IRS requesting that your S corporation election, made when you filedIRS Form 2553- Election by a Small Business Corporation, be withdrawn. State the effective date of the withdrawal. Send the letter ...