S Corporation Taxes Calculated Against Total Revenue

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An S corporation is created through an IRS tax election. Learn about S corporation taxes calculated against total revenue with help from an accounting professional in this free video clip.

Part of the Video Series: Accounting & Finance
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Hi, I'm Lori Greer from Atlanta, Georgia, and I'm here to discuss S corporation taxes, calculated against total revenue. An S corporation referred to as an S corp is a special type of corporation created through an IRS tax election. An eligible domestic corporation can avoid double taxation once to the corporation and again to the shareholders. Also with an S corp shareholders do not have to pay self-employment tax on their share of the business profits. I'm Lori Greer from Atlanta, Georgia and we just discussed S corporation taxes calculated against total revenue.

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