Small Business Success: A Guide to Form 2553: S-Corporation Election
Introduction As John Maynard Keynes famously remarked, “The avoidance of taxes is the only intellectual pursuit that carries any reward.” A company and its stakeholders do stand to benefit from the strategic management of taxes through legal means. The IRS provides businesses with various remedies and options to help them navigate their tax obligations more effectively. Companies can reduce their tax obligations by understanding the applicable tax laws and selecting the most advantageous options. One such option is to file …