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An S corp (or S corporation) is a business structure that is permitted under the tax code to pass its taxable income, credits, deductions, and losses directly to its shareholders.
S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates.
An S corporation (or S Corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. [1] . In general, S corporations do not pay any income taxes.
An S corp is any business that chooses to pass corporate income, losses, deductions, and credits through shareholders for federal tax purposes, with the benefit of limited liability and...
The IRS describes S-corps as corporations that, “pass corporate income, losses, deductions, and credits through to shareholders for federal tax purposes.” In other...
An S corp is an organization that has chosen to pass its tax burden to its shareholders, rather than report income, losses, deductions and credits directly to the Internal Revenue Service (IRS).
An S corporation, or S-corp, is a special designation carved out of the U.S. tax code for small businesses. Benefits include pass-through tax status, but it offers limited...
An S Corporation is a corporation that uses pass-through taxation to allow the income, losses, deductions, and credits of the corporation to be passed directly to the shareholders.
An S-corp is a tax status classification that provides limited liability and a “pass-through” tax structure to companies with under 100 shareholders.
An S corporation (S corp) is a type of business entity that combines the benefits of a corporation's limited liability protection with the tax advantages of a partnership or sole proprietorship. Created under Subchapter S of the Internal Revenue Code, an S corporation allows the company's income, deductions, and tax credits to "pass through ...