S Corporation

For an S Corporation in Thousand Oaks or the vicinity, Freeman & Associates has extensive experience whether you have interest in the formation of this type of a corporate tax structure, or ongoing management. An S Corporation is named because it is taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. However, its difference from, say, a C Corporation, can be remembered by the “S” and the term single taxation. With an S Corporation, the shareholders and not the corporation pay taxes on profits. Freeman & Associates has been helping form and manage S Corporations for many years for clients from Woodland Hills to Oxnard as well as many other communities in this region.

Freeman & Associates of Thousand Oaks can explain how S Corporations do not pay any federal income taxes. Alternatively, the corporation’s income or losses are divided among and distributed to its shareholders, who are then required to report the income or loss on their own individual income tax returns. This is opposed to C Corporations, which face double taxation because both the corporation and the shareholders’ dividends are taxed. Freeman & Associates offers a broad range of income tax and tax return services for clients in Oxnard, Woodland Hills and all other communities in this area.

Freeman & Associates of Thousand Oaks works with a goal of providing guidance toward your financial success as an S Corporation. Our accounting firm has more than 20 years of experience and can assist to save money while accurately and efficiently preparing annual tax returns. Whether based in Woodland Hills, Oxnard, elsewhere in the San Fernando Valley or Ventura County, Freeman & Associates can provide skilled guidance when it comes to S Corporation matters.

 

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Call today at (805) 495-4211