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Tax filing deadline is this week for S corporations

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March 15 is the tax filing deadline for S corps with fiscal year ending December 31. S corps are "flow-through" entities, meaning the corporation is not taxed, but instead the owners are taxed while reaping the legal benefits of incorporation.

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The number of small business tax returns filed quadrupled to 4 million from 1986 to 2006, making S corporation status the most popular corporate entity for small businesses, according to H and R Block.

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