1 In battles: Physical moves stand out. 2  12 moves are of the type. 3  4 moves are of the type. 4  4 moves are of the type. 5  In contests: Tough moves stand out. 6  11 moves are of the type. 7  4 moves are of the type. 8  2 moves are of the type. 9  2 moves are of the type. 10  1 move is of the type.
The Illinois Income Tax is based, to a large extent, on the federal income tax code. S corporations are subject to the Personal Property Tax Replacement Income Tax (replacement tax), but do not pay regular Illinois income tax. The regular income tax is paid at the shareholder's level. Generally, income from an S corporation is passed on to the shareholders. The shareholders must include this income in their federal adjusted gross income (for individuals) or taxable income (for other taxpayers). This is the starting point for Illinois income tax purposes and where regular income tax is paid.
A limited liability company (LLC) is eligible to be taxed as an S corporation under the check-the-box regulations at Â§ 301.7701-2. The LLC first elects to be taxed as a corporation, at which point it becomes a corporation for tax purposes; then it makes the S corporation election under section 1362(a).