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What is an S-Corporation?


S-Corporation Election Filing Service

Also known as an S-Corp, an S-Corporation is a business that has both incorporated and then additionally registered for S-Corporation status.

The typical for-profit Corporation (also known as a C-Corp) pays federal corporate income tax, and then its owners (shareholders) also pay federal income taxes on the income they receive from the Corporation. This is known as double taxation.

But S-Corporations avoid double taxation and instead receive pass-through taxation from the IRS. This means that S-Corporations pay no federal income taxes. Instead, all business income is recognized as the personal income of the owners.


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Does the application have any specific business name requirements?
Do I need to have a Federal Tax ID before I file?
How long does the S-Corporation election filing take?
There are no name requirements unique to S-Corporations. Rather, if the entity applying is a Corporation, the standard corporate name requirements apply. For example, it must contain an appropriate ...
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Yes. The federal S-Corporation election application requires a Federal Tax ID, also known as an Employer Identification Number. The Federal Tax ID must be specifically for the Corporation or LLC that ...
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After providing all required signatures, which you can do easily online, we will submit your election to the IRS often within one same business day, and send you an e-mail confirming that we have done...
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