When your company is been incorporated with the State, and it is a small company with earnings less of $ 250,000 dollars. We are happy to help you to change the status to S-corporation with the IRS department.
What benefits you get when your company changes to S-corporation
- Your company is able to reduce the tax liability
- An S-corporation generally does not pay Federal income tax, its profits or losses pass through directly to shareholders.
- This avoids the double tax, and allows shareholders to deduct corporate losses on their individual returns.
- FEES our fees are base on the tax forms that your 1120-S return needs to comply with IRS.