It was excellent and very helpful.  Thank you for answering in words
that we can easily understand.

At first i wasn't sure that the answer is what i wanted but after
clarifing the question the researcher came up with some helpful
information.

Thanks Richard for all your help, it helps a lot. Cheers!

Thanks!

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Spiffing!! A big rainy British thanks to Richard!!!

Thank you for clarifying the situation. Good answer.

 Mongolia

Great Reseaecher. 100% satisfaction with answer and clarifications!!!

Your answer was clear and well explained.  Thank you for your help and research.

For me as a student studying geology, it is sometimes hard to find
relevant information.  This service has saved me alot of wasted time,
which is very valuable to me.  The answer give was of a scientific
nature yet completely understandable.  Thank you to the researcher.

Thank You. That is what I have needed, no summary, no report, no
fluff, just the links. Now I'll be able to read through the links
myself and form my own perspective on the matter, rather than having
someone else push me into thinking in a certain manner. Thank you
again.

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Thank you for your comprehensive answer!

I actually found this answer very disappointing.

Am a Florida resident, that answers it, thanks a bunch.

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Richard did a great job, clarified everything and made it easy to
understand. Thanks for a job well done!!!!

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Thanks Richard for the good answer ...I give a rating of 5 Stars 

Last Night i emailed IRS with the S corporation question and i got the
same answer today

Here is the extract from my mail . I am posting it to help people
researching this subject in future ....

Your Question Was:
Hello Sir Madam,  My Question is whether a H1B Non-Immigrant Visa 
Holder who is a  Resident Alien  of USA (for tax purposes) can form a 
S
Corporation  ?  Thanks for your time   PS: Resident Alien Status is 
verified by the tests defined in IRS WebSite http:  www.irs.gov
businesses
small international article 0,,id=96392,00.html

      
The Answer To Your Question Is:
Hello, thank you for your inquiry and for using our Electronic Tax Law
Assistance Service.

To elect S Corporation status you must file Form 2553, Election by a 
Small Business Corporation.

You must meet the requirements of a "small business corporation" which
are, in general: Be a domestic corporation organized under the law of
any state or U.S. territory; Have only individuals, estates or certain
trust as shareholders (no partnerships or corporations as
shareholders;
Have only citizens or residents of the United States as shareholders;
Have only one class of stock (differences in voting rights are OK) The
S
corporation can have no more than 75 shareholders and must make the 
election to be an S corporation on Form 2553, Election by a Small
Business
Corporation,

As a resident alien you can be a shareholder of an S Corporation.

However, once you become a nonresident alien you would no longer be 
able to be a shareholder of an S Corporation.

For more information on the above issue, please refer to Publication 
542, Corporations, the instructions for Form 2553 and Form 1120S, U.S.
Income Tax Return for an S Corporation. 

We hope this information is helpful.

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Extremely thorough, clearly explained, and persistent enough to get to
the heart of complicated question.

Thanks you agreed with what I kept on coming up with and the teacher
had something entirely different

You´re great ! Thank you so much !

Unfortunately this, plus H & R Block, were not enough for me to claim
that gains from active trading while abroad were covered under foreign
earned income.

Very detailed research. Good Work!

Well done, thank you!
qpet

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thanks a lot.