Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return.

For example, S corporations are subject to make of the same requirements corporations must follow, and that means higher legal and tax service costs. They also must file articles of incorporation ...

There isn’t a simple guide to follow because an LLC can take many different forms. Luckily, there are some aspects that every ...

The IRS has published a private letter ruling on I.R.C. §1362 concluding that: 1) the termination of an S corporation election was inadvertent, and treating the corporation as continuing to ...