Does a Coeur d’Alene S Corporation Have Flexible Tax Reporting?

No. If your business is formed as a Coeur d’Alene S-Corporation, then there is no other taxation option available.

However, the IRS does not have a separate taxation category for Idaho LLCs. This allows the LLC members to elect at their own discretion a form of taxation that makes the most sense for their business. An Idaho LLC can elect to be taxed as an Idaho S-Corporation, but not the other way around.