An S-corporation is a type of United States corporation which must be elected. The entity is a flow-through entity that has some of the same characteristics of a Loss Attributing Qualifying Company (LAQC), however, the S-corporation enables profits to flow through to...
Self-employment tax was previously not imposed on income derived from an S-corporation*. Due to abuse. this is to change, leading to controversy over why an individual should incorporate at all when the income from an S-corp flows through to the individual. *An...
