Re: Electrical, Legal and Accounting in reply to David G, 11-09-2019 07:11:36
Subchapter S Corporations are pass through entities and most things are passed to the shareholders who then pay the taxes. An oversimplified version of what happens but if you have specific questions about items of income and expense or other items related to S Corps, send me an email. When I started in this business over 30 years ago S corps were a bit of a specialty as most of my clients at the time used that vehicle for their businesses. Most still do. I think they are versatile entity for tax planning which is getting harder with every year. My email is open in modern view if you cannot access it in classic. Shoot me whatever you want to know...no charge.
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