Taxation Issues
The S election affects the treatment of the corporation for Federal income tax purposes. The election does not change the requirements for that corporation for other Federal taxes such as FICA and Federal unemployment taxes.
Read more about this topic: S Corporation
Famous quotes containing the words taxation and/or issues:
“The Government is able to afford a suitable army and a suitable navy. It may maintain them without the slightest danger to the Republic or the cause of free institutions, and fear of additional taxation ought not to change a proper policy in this regard.”
—William Howard Taft (1857–1930)
“Cynicism formulates issues clearly, but only to dismiss them.”
—Mason Cooley (b. 1927)