When a corporation elects to taxed as an S corporation, what entity is it electing to be
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Question:
When a corporation elects to taxed as an "S" corporation, what entity is it electing to be taxed like?
List reasons why small service businesses elect to taxed as an "S" Corporation
Name two situations when an "S" corporation pays tax at the entity level.
Expert Answer:
For every tax year covered by an election to be an S corporation use Form 1120S to record the income ... View the full answer
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