Pass-Through Corporations A Comprehensive Guide to Companies

Pass-through taxation is a major benefit for Texas S-corporations. This tax structure allows business income to "pass through" directly to the shareholders, ... To the IRS, S corporations (S corps) are considered “pass-through entities”, which means any deductions, losses, income, credits, and profits ... Pass-through entities include sole proprietorships, partnerships, limited liability companies (LLCs), and S corporations. The main advantage of ... A tax-option (S) corporation may claim a credit for withholding taxes paid to another state on behalf of a Wisconsin resident shareholder as provided in sec. A pass-through business is a sole proprietorship, partnership, or S corporation that is not subject to the corporate income tax. An S corporation is a corporation that's treated as a 'pass-through entity' for federal tax purposes. The “S” in 'S-Corp' refers to Subchapter S in Chapter 1 of ... Regular corporations (C-corps) are subject to federal and state corporate income taxes (sizeable businesses pay about 35 percent at the federal ... An S corp pass through is a special business entity whose earnings, losses, deductions, and credits pass through to its shareholders' individual tax ... a single-member limited liability company, qualified subchapter S subsidiary or other entity type that is treated as a disregarded entity for federal income tax ... If the shareholder(s) of an S corporation made an S election for federal purposes, New York State does not automatically treat the company as a ...