The S corporation continues as the most prevalent type of entity used for business. As with every type of business entity used for operating a pressure cleaning business, the S corporation offers a number of tax and legal benefits along with a number of potential pitfalls. Many of those potential problems are best tackled before the professionals step in to prepare the pressure cleaning operation's tax returns. Fortunately, the Internal Revenue Service recently issued new S corporation planning guidelines to answer some of the most important questions.
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