Taxation for C Corporations

A C Corporation is any company that is taxed separately from its owners. Most major companies are C Corporations, since this is most flexible in allocating ownership and raising investment. In this article we take a look at some of the basics of taxation for C Corporations. Corporations are distinct from other companies in the way they …

Taxation for LLCs

A limited liability company is the most common form of incorporation in the United States, thanks to it’s easy start-up procedures and, compared to other types of corporations, easy tax filing. Since an LLC is not a separate tax entity in the United States,profits go to the members who should then file their returns with …

Taxation for Partnerships

Tax has to be paid one way or another by every business. The way that partnerships are taxed in the US can vary from state to state, however most jurisdictions make use of the flow through taxation concept because partnerships are deemed to be flow-through enterprises. This means that while gross revenue and profit is evaluated …

Taxation for S Corporations

An S corporation, under the US Internal Revenue Code, passes its income and losses to its shareholders. As such, the shareholder of an S corporation has to report his/her earnings from the corporation in his/her individual capacity for tax purposes. Generally, an S corporation operates within the legal environment of a C corporations, for instance, …

Guide To Tax Preparation Software

As a business owner, the use of tax preparation software allows you to file your taxes, prepare statements, create essential documents, and always stay on top of your financial situation. Whether it is maintaining the payroll or knowing how much you owe the IRS at year’s end, the right software program can produce accurate, updated …