To qualify as an S-corporation, your company must meet the qualifying criteria, including that it has fewer than 100 owners and is a domestic company organized under the laws of one of the 50 states ...

LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed. And I expect that occasionally you've encountered clients who made a change at one point but ...

Situation: Your client owns a small business that operates as a subchapter S corporation. She elected S corporation status when the individual tax rates were lower than those for a C corporation. When ...