Corporation S CorpThe limits, in full

How a page gets written

Each page starts from work this practice already does for owners who hold a company a state formed and a federal tax status that may not match the nickname on a menu. The draft is checked against the papers an owner would actually hold. A mistake found later is corrected in the same place a reader already looks.

The October 2026 pass kept the limit you will see below and rewrote the prose around it so this address would not echo a sibling. Certificate, acceptance, the federal filing calendar, and a wage that waits on a real status are the examples we kept. Shortening a page is not allowed to widen what the practice will do.

Public pages carry no client file. If a shop is invented, the sentence says so. Figures from a real return stay off the site.

Where a number may come from

A figure is allowed only when the office that published it and the day we read it sit in the same sentence. A federal form instruction is named by its form number. An agency page is named by the address we opened. A rate remembered without the page it came from does not get published.

Federal filing dates are copied from the form instructions, with the day we opened them. A state's formation fee stays off a national page unless that state's own instructions are the source, and even then the fee is not treated as a federal tax. Federal timing for the election is copied from the Form 2553 instructions, and we refuse to squash that window into one March date for every company.

Market talk, if it ever appears, names the publisher of the figure. A sample row, when one appears, only demonstrates how a file is shaped. They are not a result you should expect.

What a person checks

Before a page is public, someone here makes three passes. Figures have to point at the office that published them. Any offer on the page is read against the stop further down before the page stays up. An example stays only when it is invented and labeled, or when written consent exists and the names are gone.

A page that only repeats a keyword is sent back. A page that tells an owner the menu in the software is the election is sent back. A page that offers to run payday is sent back.

When a line was wrong

A correction is made on the page the reader already has open. A wrong figure is deleted or replaced the day the note arrives. Hiding a bad number inside gentler wording is refused. Corrections come through the number at the bottom of the page.

A change to the limit itself would be a different practice. That change is not made from a content pass.

Where the work stops

Nobody here holds a CPA license, and these pages never describe a license, an attest report, or anyone who signs one. Signed assurance of every kind is handed to a firm built for that signature, whether the request says audit, review, or compilation. The opening conversation names the gap when a lender packet or a contract asks for it.

Payroll on these pages only aims a provider the owner already operates. Wage arithmetic, the payroll returns, and the actual payday stay on that provider. We do not run payday.

Speaking for an owner inside an examination stays outside this practice. When a notice shows up, the help here is gathering records into a file that ties for the person who does speak.

Sections 901.451, 901.453, and 901.456 of the Occupations Code are the boundary this practice actually follows. What stays, absent a license, is a return, management advice, and statements that promise no assurance. Compilations, audits, and reviews go to someone who can sign them. The statute does not need a long speech from us.

We read sections 901.451, 901.453, and 901.456 on the legislature site that publishes that code.

Open months have to be caught up before any monthly rhythm starts. We either catch them up or we walk away. The choice is named before a fee is discussed.

Who stands behind the work

Services on this site are provided by Steven Palmieri, Dallas, Texas. Readers reach this practice at +1 844-324-7273, the only number these pages print. One engagement covers the monthly close and the return that follows, so the work does not hop to a different preparer halfway through.

Steven Palmieri is who publishes the pages, and the titles on the work are Tax CFO and Entrepreneur's CFO. Publication stops at the practice name and the phone. A building location is left off, and so is any mailbox. The data block repeats the phone and the practice name, then it stops.

We speak as we. The work is the practice, not a solo performance described in the third person.

Several doors, one practice

Each public address is named for a different job, because owners arrive with different papers. A company that has not elected and a company that already has an acceptance should not have to share one headline. Whichever address you opened, one practice answers the phone. The wider hub lives at stevenpalmieri.com, and this site links out only there.

Forming the company and writing the company agreement are legal work when you want a lawyer's advice on liability. We can help you gather the facts a form asks for and keep the tax calendar. We do not replace the lawyer on the liability question. Representation in a dispute over the election belongs with a person admitted to do that work. Preparing the return is a different task, and it is the task this practice does.

What these pages will not flatten

A state certificate of formation creates the company. It does not pick a federal tax status. An LLC can later wear a federal S election, and a corporation with no accepted election remains taxed as a C. Those two outcomes are not the same page, and this site keeps them on different pages so a reader does not leave thinking a menu click finished the election.

Timing for that election follows the Form 2553 instructions. The window is no more than 2 months and 15 days after the tax year begins, and the prior year is also allowed. One March date is not handed to every owner. Late relief sits in Revenue Procedure 2013-30, and we treat that procedure as a maybe rather than a yes.

The federal calendar beside the acceptance comes from the form instructions, not from a software menu. A calendar year S company generally files Form 1120-S on the 15th day of the third month. An extension asks for more time to file. It does not erase tax already due. Estimated payments that owners make on passthrough income commonly fall on the 15th of April, June, September, and January. An older memory of a single March proverb stays off the page.

Shareholder employees take reasonable wages before distributions once the election is real. Payroll on these pages means setup of a provider the owner already runs. We do not run payday. One class of stock and the shareholder cap are stated in plain words on the election page, without a client figure beside them.