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CHAPTERS THE CENTRAL JERSEY A PIC S IN S I G HT WWW. A PIC S C J ER. ORG MAY 2015 Wednesday, May 6th Central Jersey EPICS Presents: A Plant Tour at: Hosted by: TJ Misreading, Operations Manager International
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What is chapter s?
Chapter S is a tax designation for a corporation that meets specific Internal Revenue Service criteria to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code.
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Any corporation that meets the criteria set by the IRS and elects to be taxed as an S corporation.
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Information such as income, deductions, credits, shareholder distributions, and other financial details must be reported on Form 1120S.
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