Small corporations can avoid double taxation by electing to be treated as a(n)

Question

Quizplus · Accepted Answer

S corporations are specifically designed for small businesses to avoid double taxation. The business income flows through to the owners' personal income tax returns, avoiding taxation at both the corporate and personal levels. Therefore, choosing to be treated as an S corporation can be the best choice for small corporations to avoid double taxation.

Small Corporations Can Avoid Double Taxation by Electing to Be