Taxation of S Corps in Tennessee: What You Need to Know
How is an S Corp 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 S companies, often known as S corps, are a common kind of corporate … Read more