Has the S Corporation Outlived Its Usefulness

TOP STORY Sponsored by 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.  ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Lawmakers Announce Bipartisan Deal on Payroll Tax Cut (Fox Business) - A payroll tax cut for 160 million Americans, set to expire at the end of this month, would be extended through December under a bipartisan deal announced early on Thursday by U.S. congressional leaders.  Desperately Seeking Americans for Factory Jobs (CNNMoney) - U.S. factories are creating many new jobs. But owners are hard pressed to find skilled American workers to fill them. There is a "critical shortage of machinists," a common and crucial position in factories, said Rob Akers, vice president at the National Tooling and Machining Association.  Bad Boss? 7 Management Moves to Avoid (Inc.) - Managing people is a difficult job--so difficult, in fact, that some bosses resort to shortcuts and dirty tricks. Here are seven of the ugliest management tactics in the business world, along with better ways to handle the challenges. Make sure you're following the better example.  10 States Adding Most Jobs in 2012 (Kiplinger) - The biggest, most populous states create -- and also lose -- the most jobs in any given year, naturally. In other words, while millions of people are hired, millions are fired.  Did You Know?... Top 10 Most Remote Places in the World Click here for your Personalized State, Health, Travel, Sports, Entertainment, Science and World News. THE ACCOUNTANT 4-1-1 Rental Real Estate Rules and Real Estate Professionals Brief Review for 2012 Tax Season (Individuals) Social Security and Tax Planning Taxation IRS Refund Email is a Scam Updated Rules Issued for IRS Communications with Appeals Office Tax Foundation Map: State and Local Sales Taxes in 2012 ? TEST YOUR TAX & ACCOUNTING KNOWLEDGE Tax treatment of Retired Business Assets - Click here to answer Have a question? Let experts and peers help you. ACCOUNTING/AUDIT Has the S Corporation Outlived Its Usefulness? Three Financial Reporting Standards to Get FAF Reviews Technology 25 Best Small Business Apps for 2012 Business News Lawmakers Announce Bipartisan Deal on Payroll Tax Cut Desperately Seeking Americans for Factory Jobs 10 States Adding Most Jobs in 2012