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Corporation Taxes

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Corporations are a separate taxable entity; however, they can elect to be taxed as an S-corporation.

What are the benefits and impact of a corporation electing to be taxed under subchapter S of the code?

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Solution Summary

The solution discusses the benefits and impact of a corporation electing to be taxed under subchapter S of the code

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S corps/ Subchapter S corps have tax benefits, more so than do solely owned proprietorships, C Corporations and partnerships. First, ...

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