What is the difference between s corp and c corp tax?
 Differences between a C and S corporate structure: 1 A C Corporation files a standalone tax return and pays taxes at the corporate level. Losses may be carried forward or backward. 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. 2 In C corp, the taxes are paid as separate entity, while an S corp has to file only a K-1 informational tax return. 3 The C Corp has manifold stock classes whereas the S Corp only has a limited class. 4 When regarding the flexibility, the C Corp is better and that is why large companies prefer it. 