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General Tax  Form

General Tax Form

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Instructions and help about General Tax

we're talking about s-corporations now in previous discussions we've talked about C corporations and partnerships both remember C corporations file form 1120 and a entity tax is a partnership right could be talking about general partnership limited partnership limited liability company file form 1065 so a completely different federal tax entity is an S corporation now before we go into the specifics the first thing I want to start off saying is once you learn about the taxation of C corporations and the taxation of partnerships S corporations is actually very simple think of it like a continuum on one side of the continuum you have the C corporations and the consequences right think about all the different types of tax issues related to life cycle business right formation got section 351 operations double taxation you've got distribution section 301 redemptions and you've got liquidation right 331 332 336 337 so all those rules that apply is C corporatio

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