Kentucky Business and Corporate Law

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Filtered by tag: Regulatory ComplianceView all

Deciding whether to make an election for an S corporation

Kentucky business owners will often form a corporate or other business entity due to tax considerations.  Without this formation income and tax expenses can end up on one's Schedule C for the personal tax return.  The problem with a Schedule C is that this sort of tax return is one that may trigger an audit by the IRS.

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