CORPORATION,UNITED STATES FEDERAL INCOME,TAX,CLOSELY HELD CORPORATION,CASES,LIMITED LIABILITY COMPANY,PARTNERSHIP,VALID,ELECTION,TAXED,SUBCHAPTER S,CHAPTER,INTERNAL REVENUE CODE,GENERAL,DO NOT,FEDERAL,INCOME TAXES,INCOME,DIVIDED,SHAREHOLDERS,MUST,REPORT,LOSS,ON THEIR OWN,INDIVIDUAL INCOME TAX,RETURNS,ORDINARY,BUSINESS,LIMITED LIABILITY,COMPANIES,PARTNERSHIPS,ELECT,PASS,CORPORATE,CREDIT,RULES,STATUS,LEGAL,ENVIRONMENT,C,WITH U,INCOME TAXATION,SIMILAR,GENERALLY,THE LAW OF,THE STATE,THE ENTITY,ORGANIZED,MODERN,INCORPORATION,STATUTES,THE ESTABLISHMENT OF,EASY,FIRMS,MIGHT,TRADITIONALLY,RUN,SOLE PROPRIETORSHIPS,SMALL NUMBER,ORDER,ADVANTAGE,BENEFICIAL,FEATURES,PARTICULARLY,TRUE,PRIOR,THE ADVENT,THE MODERN,THEREFORE,TAXATION,TAX CREDITS,FLOW,WHETHER,THUS,SHAREHOLDER,LEVEL,PAYMENTS,THE CORPORATION,TAX FREE,EXTENT,EARNINGS,PREVIOUSLY,ELIGIBLE,DIVIDENDS RECEIVED DEDUCTION,SUBJECT TO,PERCENT,TAXABLE INCOME,CHARITABLE CONTRIBUTION,TERM,MEANS,SMALL BUSINESS,DOMESTIC CORPORATION,PERSON,TAX EXEMPT,ORGANIZATIONS,TRUSTS,ALIEN,CLASS,STOCK,CHECK THE BOX,REGULATIONS,POINT,SECTION,SPOUSES,FAMILIES,DEFINED,INDIVIDUALS,COMMON,ANCESTOR,PLUS,THE COMMON,ANYONE,FAMILY MEMBER,CITIZENS,ALIENS,NATURAL,PERSONS,CERTAIN,TRUSTS ESTATES,SUBSIDIARY,THE ELECTION,ASSETS,LIABILITIES,DEDUCTION,BELONGING,PARENT,OUTSTANDING SHARES,CONFER,IDENTICAL,RIGHTS,LIQUIDATION,TO EACH,ONES,INTEREST,THE BUSINESS,DIFFERENCES,VOTING,NONVOTING,REQUIREMENTS,WISHES,FILE,THE INTERNAL REVENUE SERVICE,IRS,SIGNED,COMMUNITY PROPERTY,STATE,SPOUSE,SIGN,FIFTEENTH,THE THIRD,MONTH,TAX YEAR,EFFECTIVE,OR AT,THE YEAR,IMMEDIATELY,CONGRESS,SHOW,LENIENCY,ELECTIONS,ACCEPT,NEW YORK AND NEW JERSEY,CEASES,MEET,EXAMPLE,NUMBER,SHARE,REGULAR,TERMINATE,FOR EACH,INVESTMENT,GROSS,ACQUIRED,MERGED,THE TREATMENT,INCOME TAX,CHANGE,TAXES,FICA,UNEMPLOYMENT,THE CASE,FOR ANY,FICA TAX,WITH RESPECT TO,EMPLOYEE,WAGES,DISTRIBUTIVE,SHARES,EQUIVALENT,REVENUE AGENCIES,PAID,EMPLOYEES,REASONABLE,WAGE,THE SERVICES,PERFORM,POSITIONS,COMPANY,FUNDS,LIABILITY,CREDITS,REPORTED,SCHEDULE,HIS OR HER,INCOME TAX RETURN,IN EXCESS,BASIS,CAPITAL GAIN,CIRCUMSTANCES,UNCOLLECTED,ACCOUNTS RECEIVABLE,REAL ESTATE,ASSET,APPRECIATION,PROBABLY,GAIN,TAX RATE,PROPERTY,SOLD,FIRST DAY,CONVERSION,CORP,THE AMERICAN RECOVERY,ACT OF,REDUCED,PERIOD,EITHER OR,SMALL BUSINESS JOBS ACT OF,OWNERS,PROPORTIONAL,NET INCOME,PAYROLL,OWNED,BY JOHN,SIMPLE,BOB AND JOHN,DRAW,SALARIES,SOCIAL SECURITY WAGE BASE,SOCIAL SECURITY TAX,SOCIAL SECURITY,MEDICARE,THE EMPLOYEE,THE EMPLOYER,EMPLOYER,DONE,FOR SOME,REASON,THE MAJORITY,WERE TO,DECIDE,THE MONEY,PRO RATA,EVEN THOUGH,NEITHER,CASH,PHANTOM,SCENARIO,STIPULATE,ENOUGH,QUARTERLY,LAUNCHED,STUDY,REPORTING,COMPLIANCE,THE STUDY,RANDOMLY SELECTED,RESULTS,MEASURE,RECORDING,FUTURE,AUDIT,TARGET,IMPROVE,TAX COMPLIANCE,REDUCE,BILLION,THOUGHT,TO COME,SMALL BUSINESSES,CORPORATE ENTITY,NUMBERING,IN UP,FILED,THE CALENDAR,THE RETURN,FISCAL YEAR,YEAR ENDING,ON THE LAST DAY,THE DAY,THE LAST DAY,COMPLETE,RECOGNIZE,TAX LAW,THE SAME WAY,STATE INCOME TAX,AS IT,AUTHORITY,OF THE FORM,RETURN,SUBMITTED,OUTSTANDING STOCK,GROUP HEALTH,INSURANCE,HEALTH SAVINGS ACCOUNTS,FRANCHISE TAX,THE STATE OF CALIFORNIA,MINIMUM,FACTOR,TAKEN,CONSIDERATION,CHOOSING,IN CALIFORNIA,FEES,REVENUES,THE NET,CONVERSELY,HIGH,GROSS REVENUE,PROFIT MARGIN,EXCEED,NEW YORK CITY,FULL,CORPORATE INCOME TAX,RATE,OUTSIDE,