Are Form 1120 Schedule M 3 Securities 2019-2024

This is Attorney Doug Sacks, General Counsel and the Chief Legal Officer at Legally Link, an S-Corporation. - Sometimes, referred to as an "escort," an S-Corporation is a special type of corporation created through an IRS tax election. - By allowing an eligible domestic corporation to be treated as an S-Corporation, it can avoid double taxation. - This means that the corporation and the shareholders are not taxed twice. - Instead, the corporation's income or losses are passed through to the shareholders and reported on their individual tax returns.