I have received a letter from the IRS stating that I have filed an 1120S form with out submitting and receiving an OK from the IRS on form 2553. If I do not respond they will submit my tax returns as an 1120. What is the difference, and how will it affect the taxes?

If I wanted to sue a corporation who would I sue?

Hi all - I need help with a question... I have gotten a letter from IRS stating that my corp. which I thought was a sub corp S is not and that I have not filed form 2553 for this permission. I can redo taxes on form 1120 instead of 1120S. How does this affect my personal taxes - can I file the...

I incorporated in late NOV 2007. The Ca. Fee/Tax is $800 to be incorporated, with the first year waived, I believe. Must 2007 be my first year if there was no business done? And must I file for 2007, or can I start with the 2008 year. My articles of incorp. State operation from the first...

If I get a personal credit for $ 20,000 in order to buy a grocery store how I register in my S-Corporation those funds and how show the repayments make to the bank. How the equity account should reflect that transaction. I have to deposit the money in the corporate bank first? How will be the...