Facebook F8 add a “Like” button to any piece of content on a website by the owner. This feature is now integrated within around 2.5 million websites worldwide, with 10,000 more being added daily. Additional news and announcements included: F8 2011 was held on September 22, 2011. Various things Facebook introduced at the conference included a new profile redesign named 'Timeline' that showed a history of user's activity on their profile, and a broader, more advanced version of the 'Open Graph' protocol. The F8 2011 event was mainly focused on introducing new products, transforming industries, building and growing social applications and product
S corporation of gross receipts and (ii) it has accumulated earnings and profits. § 1362(d)(3). An S corporation will only have accumulated earnings and profits if it was a C corporation at some time, or acquired or merged with a C corporation. The S election affects the treatment of the corporation for Federal income tax purposes. The election does not change the requirements for that corporation for other Federal taxes such as FICA and Federal unemployment taxes. While an S corporation is not taxed on its profits, the owners of an S corporation are taxed on their proportional shares of the S