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Tax Status 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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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