The deadline to elect S-Corporation tax treatment depends on whether your business is newly incorporated or is in its second (or later) tax year.For a New BusinessA corporation or LLC must file an S-Corp election within two months and 15 days (~75 days total) of the date of formation...
At any time during the tax year preceding the tax year the election is to take effect. One note for LLCs wishing to file as an S corporation: If your LLC is past the 75-day election deadline, you’ll also need to file Form 8832, Entity Classification Election, to elect to be taxed...
Blair Stands Firm as Election Deadline LoomsLABOUR ministers toured rural Britain yesterday to try to persuade people that the countryside was open for business as usual in an attempt to prepare the ground for a general election on 3 May....
Employee deferrals need year-end election Employer contributions allow tax filing deadline Missing deadlines risks plan disqualification Key Questions Answered Setting Optimal W-2 Salary for Contributions Your salary needs to reflect fair market compensation while supporting retirement goals. Most professionals...
If you have reasonable cause for not filing Form 2553 on time, the IRS may cut them some slack and approve the S Corp election retroactively to the start of the LLC’s or C Corporation’s tax year. The business owner must explain on Form 2553 why they are applying after the deadline....
Clinton City Councilman Danny Cook has officially announced his candidacy for re-election to represent Ward 1 in the upcoming election on March 4, 2025. In a heartfelt message to friends… Read More Posted in: laurenscountybuzz Category: government, headlines, on-the-move ...
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He did not release his tax returns during the election, and he has not to date. It was the first time a major party candidate had not released such information to the public before a presidential election since Richard Nixon in 1972. After Democrats regained control of the House with the...
Pakistan's announcement on Tuesday of a Nov. 1 deadline for people to leave or face forcible expulsion has frayed already soured relations with Afghanistan's Taliban rulers, who said the threat to force out Afghan migrants was "unacceptable". "It will be done in phases," the foreign office...
I have invited members of the New Philadelphia Schools Issue 8 Committee to tonight’s Council meeting to share information about the bond issue, which voters will decide on Election Day November 5th. In my mind, there is no question that New Philadelphia’s academic facilities are aging and ...