S Corporations: Eligibility and Election
S Corporations are a specific type of corporation that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. To be eligible, a corporation must meet certain IRS criteria, such as having only allowable shareholders and a single class of stock, and it must submit a timely election with Form 2553.
Lesson Videos
S Corporations: Eligibility and Election Overview
Introduction to S Corporations: Eligibility and Election
Shareholders of an S Corporation
S Corporation Eligibility Requirements
Procedure for Creating an S Corporation
Revocation or Termination of S Corporation Status
Characteristics of S Corporations
Separately Stated Items
S Corporation Tax Forms
Example of Separately Stated Items
Accumulated Adjustments Account and Other Adjustments Account
S Corporations: Built-in Gains Tax
S Corporation Converted from a C Corporation
S Corporations: Eligibility and Election Summary
S Corporations: Eligibility and Election - Practice Questions
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