Unlock the Power of Pass-Through Corporations for Tax Optimization

BUSINESSES · INDIVIDUALS · TAX PROFESSIONALS · GOVERNMENTS · UNCLAIMED PROPERTY. Pass-Through Entity-Level Tax: Tax-Option (S) Corporation General Election ... The majority of U.S. businesses are pass-through entities, which include S-corporations, limited liability companies (LLCs), partnerships, and ... PTEs (other than S-Corporations): Calculate the total of lines 1 through 17 in the Alabama column on Schedule K from the PTEs 2020 Form 65, then multiply this ... Small businesses generally organize as either a regular C corporation or as a “pass-through” entity. ... S corporations, the business pays the ... The Tax Cuts and Jobs Act gave birth to a new provision, Section 199A, which permits owners of sole proprietorships, S corporations or ... Pass-through taxation: With pass-through taxation, your business isn't subject to corporate income tax. Income is taxed through the shareholders ... Pass-through taxation is a major benefit for Texas S-corporations. This tax structure allows business income to "pass through" directly to the shareholders, ... On the other hand, S Corporations (“S Corps”)—corporations taxed under Subchapter S of the Internal Revenue Code—and limited liability companies (“LLCs”) are ... Eligible corporations, however, are permitted to make an election to be treated as an S corporation, which enables the shareholders to receive pass-through ... Pass-through income is only subject to a single layer of income tax and is generally taxed as ordinary income up to the maximum 37 percent rate.