S Corporations and State Tax Recognition
DC does not recognize the federal S corporation election. You can still have an S corporation in DC. It is an S corporation for federal tax purposes only, not for state tax purposes. DC state income tax rates apply to C corporations and S corporations.
Some states do not recognize S Corporations. You can have an S Corporation and enjoy the federal tax savings. 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.
Lantern Corps and Emotional Spectrum
The Emotional Spectrum represents emotions harnessed by Lantern Corps. Red Lantern Corps harness rage, fueled by their red power rings. This intense emotion grants power, but consumes them. The Green Lantern Corps replaced predecessors. Their “execution” of Sinestro caused destruction of the Central Battery.
1099-NEC Forms for Corporations
In general, you don’t issue 1099-NEC forms to C-Corporations and S-Corporations. But there are exceptions, including medical and health care payments.