Many banks have elected to be “S Corporations” for tax purposes. This status can provide significant tax benefits to the bank’s shareholders, but it also comes with several ongoing technical requirements. Failure to satisfy...more
1/9/2025
/ Banking Sector ,
Business Formation ,
Corporate Governance ,
Financial Institutions ,
Internal Revenue Code (IRC) ,
IRS ,
S-Corporation ,
Shareholders ,
Tax Liability ,
Tax Planning ,
Trusts