Maximize Tax Savings A Guide to Pass-Through Corporations

On the other hand, S Corporations (“S Corps”)—corporations taxed under Subchapter S of the Internal Revenue Code—and limited liability companies (“LLCs”) are ... An S corp isn't technically a business structure — it's a tax classification. All businesses have the option of electing to be taxed as an S ... sole proprietorships; trusts; non-profit corporations; corporations that are not New York S corporations. When to make the election. An S ... An S Corporation is an IRS tax classification that allows an eligible entity to be a pass-through entity for tax purposes. This means that the ... Pass-through businesses include sole proprietorships, partnerships, and S-corporations. Because these businesses' decisions are affected by ... Pass-through taxation: With pass-through taxation, your business isn't subject to corporate income tax. Income is taxed through the shareholders ... Maintaining passthrough treatment and single-level taxation can be challenging for an acquirer that is not an eligible shareholder of S ... Pass-through taxation is a major benefit for Texas S-corporations. This tax structure allows business income to "pass through" directly to the shareholders, ... Partnerships; S corporations; Limited liability companies (LLCs) taxed as an S corporation or partnership. Qualified entities may elect to pay ... These include businesses operated as sole proprietorships, partnerships, S corporations, and limited liability companies taxed as partnerships. The tax on the ...