Form 1120-S is the annual tax return for S corporations. What Is Form 1120-S: U.S. Income Tax Return for an S Corporation? Form 1120-S: U.S. Income Tax Return for an S Corporation is a tax ...

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 ...

The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.

C Corps: They file Form 1120, paying taxes on the corporation’s profits. Shareholders then report any dividends on their personal tax returns. Choosing between an S Corp and a C Corp isn’t ...

The S corp tax status can be obtained by filing Form 2553 with the IRS. How much does it cost to turn an LLC into an S Corp? A California Corporation, LLC, or Limited Partnership will be required to ...