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Category: Tax
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Experience:  CTEC Licensed / Mgmt Experience with H & R Block... Self Employed since 1986 Experienced in all Scheds
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When the IRC mentions the term Corporation , does it refer

Customer Question

When the IRC mentions the term "Corporation", does it refer to Corporations only as such, or also to other types of entities such as LLC, Partnerships, etc.
Submitted: 5 years ago.
Category: Tax
Expert:  Zip Taxes replied 5 years ago.

Zip Taxes :

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Zip Taxes :

Corporation is a sole and separate legal entity which holds the following titles: C Corp, S Corp, LLC, LLP, etc... when a corp. involves any type of "officers" or "Shareholders" it stands on it's own and not to be included on a personal tax form unless properly transferred over such as a w 2 or 1099 or K-1 and so forth.

Zip Taxes :

I hope this is helpful for you :)

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