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Things to Know About an S Corporation
Many people consider creating an S corporation because it avoids double taxation since they will be exempt from federal taxes, aside from certain capital gains and any passive income.
Many people consider creating an S corporation because it avoids double taxation since they will be exempt from federal taxes, aside from certain capital gains and any passive income.
The IRS provided further details on additional transition relief for certain domestic partnerships and S corporations preparing the new schedules K-2 and K-3 to further ease the change to these new schedules.