Starting Your Own Business ? Hints & Tips Entrepreneurial Advice Suzie's Blogs ...

S Corporations - What Are They ? An eligible domestic corporation can avoid double taxation (once to the shareholders and again to the corporation) by electing to be treated as an S corporation. Generally, an S corporation is exempt from federal income tax other than tax on certain capital gains and passive income. On their tax returns, the S corporation's shareholders include their share of the corporation's separately stated items of income, deduction, loss, and credit, and their share of nonseparately stated income or loss. Easy Online Reading Resource? Shoppers Guides - Useful Information Posted: Monday 23rd May 2005, 12:55 AM

Back to the Business Startups Advice Blog