S Corporations: Excessive Passive Income Penalty and Built-in Gains Tax
Dec 22nd, 2010 | By Manager | Category: corporate tax lawyer minneapolis, Legal NotesCorporations that make valid election to be taxed under Subchapter S (“S corporation”) are treated as pass-through entities. This means that the S corporation’s gains, losses, income and expenses are passed onto shareholders who will pay the applicable federal income taxes; the S corporation itself does not pay any taxes (as opposed to a regular [...]