Unlike traditional C-Corporations, S-Corporations are pass-through entities, meaning the corporation's income and losses pass through to the shareholders' personal tax returns. This structure helps to avoid double taxation of C-Corporations, as shareholders are taxed at their individual income tax ...
Business Corporation Tax
When Do I Have to Pay New York City’s Business Corporation Tax? New Economic Nexus Introduced in 2022 Affects Corporations with Property, Payroll or Sales in the City.