A form of corporation, allowed by the IRS for most companies with 75 or fewer...
A business that, by meeting certain requirements, can elect to have income passed (and in turn, taxed) directly to individual stockholders rather than having to first go through the corporation.
A hybrid corporation having attributes of both a corporation and a partnership
A small, closely held corporation that has elected to be taxed as a partnership.
a tax filing status used by business that want to take the business losses of the business and put it on their personal income tax
Under federal tax law, a small business corporation that elects to have the undistributed taxable income of the corporation taxed as personal income for the shareholders, thus avoiding payment of corporate income tax.
A corporation that has elected under Subchapter S of the Internal Revenue Code not to pay any corporate taxes on its earnings, and instead to have its shareholders pay taxes on it.
Same as “S Corporation.
A form of business structure that limits each shareholder's liability (like a corporation), but profits and losses are reported by shareholders (like a partnership). Subchapter S corporations are limited to 25 or fewer shareholders.
A corporate form of business in which all profits and losses are shared by the stockholders and thus the corporation is taxed on an individual basis as opposed to corporate taxation.
Corporation with a limited number of stockholders (35 or less) that elects not to be taxed as a regular corporation and meets certain other requirements. Income is taxed as direct income to the shareholders. Shareholders include, in their personal tax returns, their pro-rata share of capital gains, ordinary income, tax preference items, etc.
surtax Section 83 b Election
