A: An S Corporation is a small corporation that elects to be taxed under Subchapter S of the Internal Revenue Code, which gives an electing corporation some, but not all, of the tax benefits of a ...

An S corporation may have accumulated earnings and profits (E&P) from an earlier period in which it was a C corporation, or it may inherit E&P from a C corporation as a result of a reorganization. If the S corporation also has excess passive inves

It’s the Mad Fientist again. Thanks for the post, Steve! There’s another benefit of having an S Corp that’s worth mentioning… If your business makes a lot of money (i.e. more than $157,500 for a single person or $315,000 for a married couple filin