The filing allows individual shareholders to report corporate income on their own tax returns. All shareholders must agree to file. Businesses must also be registered as a S corporation with the federal government. Click the following link to learn about Election by a Small Business Corporation..
Businesses should consult an attorney or accountant for help with filing requirements.
For more information, contact:
W.A. Harriman Campus
Albany, NY 12227
Phone: (518) 485-6027