Will both the IRS and my state grant my business pass-through taxation if I register it as an S-Corporation?
S-Corporation Election Filing Service
Securing pass-through taxation from the IRS requires only one simple S-Corporation election filing you can conduct right here.
How to get pass-through taxation at the state level depends on the laws of your state. Some states grant your business pass-through taxation if you simply register the federal S-Corporation election. Some states require an additional filing directly with them to classify your business as an S-Corporation. Other states do not recognize S-Corporation status at all. You are responsible for researching and fulfilling your own state's requirements if you desire pass-through taxation at the state level.
Explore more articles like this one
Can an LLC elect S-Corporation taxation?
Yes, for taxation reasons too complicated to explain here, an LLC may sometimes decide that it desires to be treated by the IRS as an S-Corporation. To do so, it can complete the S-Corporation ... Read more
What does the S in S-Corporation stand for?
The S in S-Corporation stands for "small business". This comes from the requirement that an S-Corporation have no more than 100 owners... Read more
How is an S-Corporation taxed?
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 ... Read more
What if I get a notice of non-acceptance from the IRS?
Within 60 days of submission of an S-Corporation election filing to the IRS, the IRS should mail you a notice of the acceptance or non-acceptance. If they indicate non-acceptance, they will usually ... Read more