Search results
Results from the WOW.Com Content Network
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.
What Is an S-Corp? While a corporation is a type of business entity, an S-corp is a tax designation available to certain corporations and LLCs.
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 relief...
S corporations. 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 LLC is a legal business structure while S corporation is a tax classification that’s available to some small businesses. Both LLCs and corporations can elect S-corp taxation by filing a form...
An S-corp is a pass-through entity that reports its profits on the owners' personal taxes, and ownership is restricted to up to 100 shareholders. If you structure your...
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]
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. The name “S Corporation” stands for “small business corporation”.
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 is a special kind of corporation with tax benefits for owners. Learn how an S corp works and how a business selects S corp status.