Resource Hub

S-Corporations

Focused guides on S-corp election timing, reasonable salary, basis, ownership rules, shareholder loans, and when S-corp treatment is the right fit.

Filing & Deadlines

Late S-Corp Election Relief: When Form 2553 Can Still Be Fixed Missed the S-corp deadline? Late election relief may still be available if the business intended S-corp treatment, reported consistently, and fixes the filing before the IRS relief window closes.

Entity & Structure

S-Corp Basis, Ownership Rules, and Shareholder Loans Who can own S-corp stock, how stock and loan basis work, what limits loss deductions, and why shareholder loans need to be structured correctly to create basis.

S-Corp vs. Partnership: Choosing the Right Pass-Through Structure How S-corps and partnerships compare on flexibility, self-employment tax, ownership rules, and economics — and how to decide which structure fits your situation.

S-Corporation Election: When It Makes Sense (and When It Doesn't) Learn when an S-Corp election saves taxes and when it costs more. Covers the savings calculation, reasonable salary rules, and who should avoid electing.

Compliance & Reporting

S-Corp Owner Health Insurance, Accountable Plans, and Payroll Cleanup S-corp owners often miss tax savings because health insurance, reimbursements, and payroll were handled casually. The fix is usually not a new entity. It is getting the owner-compensation mechanics right.

Wrong Form 1099-K After an LLC or S-Corp Change Changed entities and still got a 1099-K under the old tax ID? This mismatch is common after a move from Schedule C to an LLC or S-corp and can create avoidable notice risk if it is not cleaned up.

Planning Strategies

S-Corp Reasonable Salary: How to Set It Without Triggering Problems S-Corp owners need a reasonable salary before taking distributions, but the IRS does not use a magic percentage. The right number depends on role, time, comparables, and where the company's gross receipts really come from.

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