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Tax Status Election
(redirected from Tax Election)

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Tax status election
The decision of the status under which to file a tax return. For example, a corporation may file as a C corporation or an S corporation.

Tax Status Election
The decision by a person or company about one's filing status. For example, a married person may file jointly with, or separately from, his/her spouse. Likewise, a company often may file as an S corporation or a C corporation. One makes a tax status election depending on one's circumstances and the filing status that is most advantageous.


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She noted that school bond and tax election information is hard to come by in many states.
A wide range of federal tax elections gives individual taxpayers options for how they report certain income or expense items.
This wouldn't be any big deal, until taxpayers consider that county leaders had the gall to call a special tax election to outfit firefighters -- an expense that should have come out of the general fund, which would've been $14,000 a year to the good if that space-rental money had been put in the public treasury and not in a private-party fund.
 
 
 
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