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Credit ApplicationCUSTOMER INFORMATION LEGAL NAMEDBAPHONEFAXADDRESSCITYSTATEZIPEXECUTIVE OFFICECITYSTATEZIPPARENT COMPANYCITYSTATEZIPCONTACT PERSONTITLEPHONEEMAILTYPE OF BUSINESS CORPORATION (C or

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What is what is an s?

An S Corporation, or S Corp, is a special type of corporation created through an IRS tax election. It allows income to be passed through to shareholders to avoid double taxation.

Who is required to file what is an s?

Corporations that wish to elect S Corporation status must file Form 2553 with the IRS. All shareholders must also consent to the election.

How to fill out what is an s?

To fill out Form 2553, you need to provide information about the corporation, such as the name, address, and the date of the election. Detailed instructions from the IRS should be followed.

What is the purpose of what is an s?

The purpose of S Corporation status is to provide businesses with the benefits of pass-through taxation, where income is reported on individual shareholders' tax returns, thereby avoiding double taxation.

What information must be reported on what is an s?

Form 2553 requires the corporation's name and address, the date of incorporation, the tax year, and the names and consent of all shareholders.

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