Friday, February 24, 2012

Has the S Corporation Outlived Its Usefulness


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Has the S Corporation Outlived Its Usefulness?
(CPA Journal) - The S corporation is the most popular form of business organization aside from sole proprietorships; however it is an extremely complex organizational type. Many S corporation owners do not adhere to IRS regulations, resulting in errorneous returns, nonfiling, and a tax gap of an estimated $22 billion per year. 
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