Online Studying, Business Closures, Restrictions And Surgery Reductions Begin Again In Ontario

An “S” corporation just isn’t a matter of state company legislation however rather a federal tax election. A for-profit company elects to be taxed as an “S” corporation by filing an election with the Internal Revenue Service. Please contact the IRS or competent tax counsel relating to the decision to be taxed as an “S” corporation and the requirements for submitting the election.

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