Small Business Reading Room


Monday, October 15, 2007

Relief for Late S Corporation Elections

Small business corporations that are eligible for tax treatment under Subchapter S of the Internal Revenue Code enjoy the advantages of the corporate structure while being taxed similarly to a partnership or sole proprietorship.

So what if you are late making the "S" election with the IRS?

Businesses that are eligible to elect S corporation tax treatment now have a simpler process for requesting relief for late elections.

To find out how, read the IRS news release.
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    Delaware Intercorp, Inc.
    113 Barksdale Professional center
    Newark, DE 19711-3258

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