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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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What is double taxation? Double taxation refers to the process by which a typical for-profit Corporation pays federal corporate income tax, and then its owners also pay federal income tax on the income they take from the ...
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Can a filing be expedited? No, it is the same turnaround time for everyone. We are usually able to submit your election to the IRS within one business day of receiving all required signatures, and the IRS should mail you a ...
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Do I need to have a Federal Tax ID before I file? 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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How do I get started with the filing process? SimpleFilings makes it easy to file your federal S-Corporation election. Simply submit the application to get started...
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