This special tax status eliminates any possibility ... S corporations aren't without their advantages, however. One person can form an S corporation, while in a few states at least two people ...
The millions of Americans with revenue-generating side hustles and casual sellers may be in for a big surprise this January—an unexpected tax form called the 1099-K. Payment platforms, apps and online ...
The articles of incorporation must be filed with the Secretary of State and a filing fee of $100 must be paid. The S corp tax status can be obtained by filing Form 2553 with the IRS. How much does it ...