In this episode of Tax Notes Talk, the second of a three-part series, Damien Martin and Tony Nitti of EY discuss their top ...

Each year, S corporations must file Form 1120-S to report income, gains, losses, deductions, and credits to the IRS. They also have to provide each shareholder with a Schedule K-1, detailing each ...

This special tax status eliminates any possibility ... S corporations aren't without their advantages, however. One person can form an S corporation, while in a few states at least two people ...