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 for Calendar Year or the Taxable Year Beginning , , Ending , 20 2019

Alaska Net Income 2019-2025 Form

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Quick guide on how to complete ak 6000 corporation net income return

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Hi. this is Lee Phillips. I'm an attorney. Don't hold that against me, as I always say. I want to talk to you for two seconds about calendar year taxation. If I have a corporation and it's taxed under and it's taxed under subchapter C of the IRS Code you're going to call that a C-corporation Then I can choose a calendar year If I have corporation taxed under Subchapter S of the IRS Code I have to use the calendar year Rather than choose a fiscal year for the company like I can for the C corporation. The reason is the S corporation is a pass-through entity. The corporation itself doesn't actually pay taxes. In a C corporation, the corporation itself actually pays taxes but in an S corporation it passes through to the individual owners they get a K-1 and then they pay the tax. So it's a pass-through entity. As a result those individual owners are going to pay the tax December 31st year end. Therefore the company has to have a December 31st year end. And that would the same for an LLC ta

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