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Explain the rules of forming an s-corp

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Reference no: EM132172396

Question: "Explaining the Basics of S-Corporations"

You are the lead S-Corporations tax specialist in your area. You have been asked to give a talk to business owners interested in this form of organization. Explain the rules of forming an S-Corp, the basis rules, and how distributions work. Please be sure to cover operating issues, such as identification of the corporation's accounting period.

Reference no: EM132172396

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