Business Status With Irs In Wake

State:
Multi-State
County:
Wake
Control #:
US-0046-CR
Format:
Word; 
Rich Text
Instant download

Description

The document is a resolution enabling a corporation to elect S Corporation status, which provides specific tax advantages under both federal and state law. It clearly outlines the authorization for corporate officers to execute necessary documents, ensuring compliance with the Internal Revenue Code regarding the S Corporation election. The resolution requires that all prior actions taken under this authority are ratified and confirms the necessity for officers to take further actions, including the submission of relevant documents to the IRS and state tax authority. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in corporate governance and tax planning. The clear structure allows legal professionals to fill and edit the resolution easily, ensuring it meets specific organizational needs. It aids in aligning corporate structure with tax regulations, thus providing clarity and legal protection. Overall, this resolution is essential for any corporation looking to optimize its tax obligations effectively.
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FAQ

Will resident aliens for tax purposes receive a 1042-S tax form? You may receive a 1042-S tax form if you claimed tax treaty benefits as a resident alien for tax purposes or your tax status changed during the previous calendar year.

You will need to make two entries in the return: Enter the 1042-S in its menu. The tax withholdings from this entry will flow to the tax return. Enter the income showing on the 1042-S in the appropriate income menu in the return.

The IRS now provides taxpayers the ability to file Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, via Modernized e-File (MeF).

Since its establishment, the IRS has been largely responsible for collecting the revenue needed to fund the United States federal government, with the rest being funded either through the U.S. Customs and Border Protection (collecting duties and tariffs) or the Federal Reserve (purchasing U.S. treasuries).

267-941-1000 for international callers or overseas taxpayers. (Overseas taxpayers may also fax a tax question to 681-247-3101 or use our international contact address page.)

If your address has changed, please call 1-800-829-8374 or visit .irs . Please check here if you've included any correspondence. Write your Social Security number , the tax year (2011), and the form number (5329) on any correspondence.

The IRS' contact information is displayed on the CP2000 notice in the top right corner of the letter: Phone number: 1-800-829-8310. Fax: 1-877-477-9602.

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Business Status With Irs In Wake