DC does not recognize the federal S corporation election. The S corporation will only be an S corporation for federal tax purposes, not for state tax purposes. DC state income tax rates apply to both C corporations and S corporations.
In general, you don’t have to issue 1099-NEC forms to C-Corporations and S-Corporations. But there are some exceptions, including medical and health care payments.
Some states do not recognize S Corporations. It is an S Corporation for federal tax purposes only, not for state tax purposes. Some states tax both the S Corporation’s profits and the shareholders’ shares.
Emotional Spectrum in Lantern Corps
The Emotional Spectrum represents emotions harnessed by Lantern Corps. Red Lantern Corps harness rage, fueled by their red power rings. The Green Lantern Corps was established to replace predecessors. Their “execution” of Sinestro caused destruction of the Central Battery.
White Lantern rings act differently than other corps. Deadman regrew a forest and resurrected a bird, that seemed due to The Entity. He couldn’t access the power without its influence.
Frequently Asked Questions
What is the DC tax rate for S Corps?
DC state income tax rates apply to C corporations and S corporations.
What states do not recognize S Corps?
Some states just don’t recognize S Corporations, and these are treated as such for federal tax purposes only.