
Get the free Sub. S. B. No. 229 As Passed by the Senate - archives legislature state oh
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(127th General Assembly) (Substitute Senate Bill Number 229)AN ACT To amend sections 4731.051, 4731.07, 4731.22, 4731.224, 4731.24, and 4731.25 and to enact sections 4774.01, 4774.02, 4774.03, 4774.031,
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What is sub s b no?
Sub S B No refers to the election of a corporation to be taxed as an S Corporation, allowing income to pass directly to shareholders without being subjected to corporate tax.
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Any domestic corporation that wishes to be treated as an S Corporation for tax purposes must file a Sub S B No.
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To fill out Sub S B No, one must complete Form 2553, providing information about the corporation, its shareholders, and the election to be treated as an S Corporation.
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The purpose of Sub S B No is to enable corporations to avoid double taxation on corporate income by allowing it to pass through to shareholders.
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The information that must be reported includes the corporation's name, address, employer identification number (EIN), and the details of all shareholders.
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