The Difference Between a C Corporation and a Subchapter S Corporation

Posted in Tax News on June 17, 2021

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. Business owners can maintain their corporation as a regular or “C” Corporation. Alternatively, if they are eligible, they may want to make a Subchapter S Election.…

Tagged with: Amortization, asset purchase, Asset Purchase Agreement, Business Owner, C Corporation, Corporation, Depreciation, Double Tax, employer fringe benefit, Flow Through, form k-1, Form W-2, fringe benefit, Health Care Premium, Income Tax, individual income tax, long term care, long term care premiums, S Corporation, S Election, Stock Purchase Agreement, Stock Sale, Stockholders, Sub S, Subchapter S Corporation, Subchapter S Election, Tax Free Fringe Benefit, Tax Return, tax year end, W-2

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