If you have formed a limited liability company that is being taxed as an S corporation, also called an S Corp, you will at some point need to become acquainted with form 1120-S. The IRS Form 1120-S is ...

If you have formed a limited liability company that is being taxed as an S corporation, also called an S Corp, you will at some point need to become acquainted with form 1120-S. The IRS Form 1120-S is ...

Small businesses get the benefit of deducting business expenses from their taxable income. Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only the ...

With S corporations, or S-corps, the profits and losses of the business go directly to the shareholders. Learn the special rules of this tax status.

A corporation, including one that is taxed as an S corporation, must always file its initial tax return with the Internal Revenue Service, even if it had no business activity to report. For an S ...

Should I submit the 1120s form or the 1040 Schedule C for my LLC - single proprietor? Last year (first year of being an LLC) I sent in the 1120s, but I understand that because I am a sole proprietor, ...

Here's a comprehensive list of IRS business forms for small-business owners — plus, a brief overview of each. As the owner of a small business, your tax obligations are more involved than those of ...

Since compensation is subject to employment taxes (including Federal Insurance Contributions Act taxes) and distributions to shareholders are not, S corporation owners often reduce their compensation ...

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