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Ct 34 Sh  Form

Ct 34 Sh Form

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Instructions and help about new york form ct 34 sh instructions

in this video I'm going to give you an overview of the tax rules for S corporations in the U.S we'll discuss what an S corporation is how you'd go about electing S corporation status requirements to be an S corp how s Corps allocate their income and deductions to shareholders the tax consequences when an escort makes a distribution to its shareholders how to calculate basis for a shareholder in an S corporation and finally taxes that in some cases can be imposed on S corporations let's get started by talking about a basic question what is an S corp so an S corp is a business entity type in the United States that provides the legal protections of a corporation but is taxed as a flow through entity so what does that mean that it's taxes of flow through entity that means that it is not subject to double taxation like a C corporation okay so as corporations there is just one layer of tax in short basically the S Corp has some profit let's say

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