Getting a letter from the IRS can strike fear into the heart of any taxpayer. But there’s no need to panic. These letters are extremely common: in fact, the IRS sends millions of letters to taxpayers each year, and for a wide variety of reasons. Here’s what to do if the IRS sends you a.
S Corp Status: What it is, How to File, and How it Can Benefit Your Business Whether you just started your business or have been operating for some time as an LLC or a sole proprietorship, it may be beneficial to consider switching to an S Corporation (or “S Corp”). In this article, we’ll cover.