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    ake a timely and accurate filing of Form 2553, Election by a Small Business Corporation. Accordin
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    Some corporations may elect to be treated as S corporations. This election affects the corporation's federal taxation. In its website, the IRS states: "Electing to be treated as an S corporation allows income to flow through the corporation without being taxed until it is claimed as income by the shareholders. This avoids double taxation of corporate income."

    In order to qualify as an S corporation, you must make a timely and accurate filing of Form 2553, Election by a Small Business Corporation. According

    Small Business Marketing FAQs
    What is a small business? The government has introduced certain criteria including the number of employees, annual receipts, affiliates and other applicable factors to identify a small business. It can be quickly determined by using SBA's NAICS (North American Industry Classification System) Lookup. Enter the business description; NAICS w
    eral taxation. In its website, the IRS states: "Electing to be treated as an S corporation allows income to flow through the corporation without being taxed until it is claimed as income by the shareholders. This avoids double taxation of corporate income."

    In order to qualify as an S corporation, you must make a timely and accurate filing of Form 2553, Election by a Small Business Corporation. Accordin

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    to flow through the corporation without being taxed until it is claimed as income by the shareholders. This avoids double taxation of corporate income."

    In order to qualify as an S corporation, you must make a timely and accurate filing of Form 2553, Election by a Small Business Corporation. Accordin

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    is avoids double taxation of corporate income."

    In order to qualify as an S corporation, you must make a timely and accurate filing of Form 2553, Election by a Small Business Corporation. Accordin

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    ake a timely and accurate filing of Form 2553, Election by a Small Business Corporation. According to IRS, the corporation must make its S election within the first two and one-half months of the corporation’s taxable year, or, at any time during the preceding taxable year. If the S election is made after the first two and one-half months of a corporation’s taxable year, then that corporation will not be treated as an S corporation until the next taxable year.

    The IRS rules state that a corporation’s taxab

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