a box or crate for soap. â any improvised platform used by a person (soapbox orator) making an informal, often impassioned speech to a street audience, as on a current, controversial issue.
S Corporation 1120S Return Due Date. Generally, an S corporation must file Form 1120S by the 15th day of the 3rd month after the end of its tax year. For calendar year corporations, the due date is March 15, 2017. A corporation that has dissolved must generally file by the 15th day of the 3rd month after the date it dissolved.
Differences between a C and S corporate structure: A C Corporation files a standalone tax return and pays taxes at the corporate level. Losses may be carried forward or backward. The maximum tax rate for a corporation is currently 35%. An S Corporation files a tax return but the profit or loss passes through via Form 1120S K-1 to the individual income tax return. The tax liability and the taxes are assessed and paid at the individual level. The maximum tax rate is 39.6%. Losses sustained in an S Corporation are applied to other income to reduce the tax liability of the shareholder. Owners in a C Corporation cannot arbitrarily draw funds the way a sole proprietor or partner in a partnership is able to do.