IRS gears up for holiday week rush

The Internal Revenue Service is putting out the word on how to beat the rush right after Presidents Day —one of the agency’s busiest weeks of the year. The day following Presidents Day is typically the busiest day of the year for IRS telephone assistors, and the agency has extended call center hours over the…

The basics of Forming an S Corporation:

To file as an S corporation, you must first file as a corporation. After you are considered a corporation, all shareholders must sign and file Form 2553 to elect your corporation to become an S corporation. Once your business is registered, you must obtain business licenses and permits. Regulations vary by industry, state and locality.