The quickest way to apply is through your TUportal account or through Templeâs online application or via the Common Application. Applying costs $55 unless you qualify for a fee waiver (freshmen only).
The Advantages of S Corp. An S corporation is a unique corporate entity created by the rules of the Internal Revenue Code. Operating as an S corporation gives owners of the company legal and taxation benefits.ince an S corporation has a life separate from the owners of the business, the death or retirement of a shareholder will not stop an S corporation from continuing its operations. Other business entities such as a sole proprietorship end automatically if a business owner dies or decides to retire.
Forming an S corporation to run your business provides several tax advantages. Chief among these is the opportunity to lower your Social Security and Medicare taxes. However, when it comes to deducting the cost of health insurance for you and your family, an S corporation is not always so great.hen youâre an S corporation owner with more than 2% of the company stock, youâre treated the same as a self-employed person when it comes to deducting health insurance premiums. This is not a business deduction.