S Corps Taxation and Obligated Member Entity in Tennessee
How are S corps taxed in Tennessee? The Tennessee excise tax on S corp. income was 6.5 percent, and the payroll tax was a combined 15.3 percent (or 2.9 percent once the social security maximum was reached). Read more on www.knoxnews.com Tennessee is renowned for having an advantageous business environment. Numerous tiny enterprises, including S … Read more