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    S Corporation is taxed more like a sole proprietorship rather than a C Corporation.

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    If you are not familiar with them yet, S Corporations are simply companies (corporation or limited liability corporation) which do not pays any taxes on its corporate profits. Under the Internal Revenue Code’s chapter 1 and Subchapter S, only the shareholders would have to pay their income taxes from the earnings they received from the company. In short, an S Corporation is taxed more like a sole proprietorship rather than a C Corporation.

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    r limited liability corporation) which do not pays any taxes on its corporate profits. Under the Internal Revenue Code’s chapter 1 and Subchapter S, only the shareholders would have to pay their income taxes from the earnings they received from the company. In short, an S Corporation is taxed more like a sole proprietorship rather than a C Corporation.

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    er the Internal Revenue Code’s chapter 1 and Subchapter S, only the shareholders would have to pay their income taxes from the earnings they received from the company. In short, an S Corporation is taxed more like a sole proprietorship rather than a C Corporation.

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    e to pay their income taxes from the earnings they received from the company. In short, an S Corporation is taxed more like a sole proprietorship rather than a C Corporation.

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    S Corporation is taxed more like a sole proprietorship rather than a C Corporation.

    There are many C Corporations who have filed for S Corporation status because of the difference between the two tax structures. Because of this set-up, the S Corporation actually enjoys several tax advantages over C Corporations. They include:

    • Any losses incurred by the company can be passed to its shareholders. This way your income tax return can

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