It is required for all S corporations to file their annual tax returns. The shareholders also pay the taxes on the profits and the losses.Īn S corporation is required to submit a number of forms related to the taxes withheld from employee wages to the IRS, including an annual informational income tax return. In turn, they report it on their individual tax returns. "Pass-through" entity means the income and losses of the corporation go directly to the shareholders. These taxes mainly relate to the wages that are paid to the company's employees. S corporations have to file an annual tax return, among a number of other documents, to the IRS. It includes the possibility of a six-month extension if you file Form 7004. The S corporation tax return due date falls on the same date each year, March 15.
0 kommentar(er)
