One of the most crucial decisions you will have to make as a business owner when setting up a new business, or reorganizing an existing one, is what structure to use. The choices range from a simple sole proprietorship, to an S Corp flow-through, to a C
Read more →Taxable income as calculated on the U.S. Federal Return for an S corporation flows through to its shareholders and is taxed at the individual level, not subject to self-employment tax. Because the income from the S Corporation is taxed when it is reported on the federal tax return
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