What To Know About Your S Corp 10 Minutes With Gene Friedman

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Posted on October 14, 2018 at 09:28 AM

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How to Find Out If You Are an S Corp or a C Corp | Bizfluent
Check with the IRS. Call the IRS Business Assistance Line at 800-829-4933. The IRS can review your business file to see if your company is a C corporation or S corporation based on any elections you may have made and the type of income tax returns you file.
LLC Electing S Corp Status: Everything You Need to Know
An LLC electing S corp status occurs when a limited liability company opts to be treated as an S corporation by the IRS to take advantage of beneficial tax treatment. In many cases, S corporation status is desirable because, in an LLC, a partner must pay a substantial self-employment tax on his or her share of the company's income.

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