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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.
This summary is based largely on the summary provided by the Congressional Research Service, a public domain source. [1]The Permanent S Corporation Built-in Gains Recognition Period Act of 2014 would amend the Internal Revenue Code of 1986 to reduce from 10 to 5 years the period during which the built-in gains of an S corporation are subject to tax and to make such reduction permanent.
This tax applies to a "dividend equivalent amount," which is the corporation's effectively connected earnings and profits for the year, less investments the corporation makes in its U.S. assets (money and adjusted bases of property connected with the conduct of a U.S. trade or business). The tax is imposed even if there is no distribution.
In mergers and acquisitions, a mandatory offer, also called a mandatory bid in some jurisdictions, is an offer made by one company (the "acquiring company" or "bidder") to purchase some or all outstanding shares of another company (the "target"), as required by securities laws and regulations or stock exchange rules governing corporate takeovers.
US employees typically acquire shares through a share option plan. In the UK, Employee Share Purchase Plans are common, wherein deductions are made from an employee's salary to purchase shares over time. [1] In Australia it is common to have all employee plans that provide employees with $1,000 worth of shares on a tax free basis.
3 Things Retirees Should Sell To Build Their Retirement Savings This article originally appeared on GOBankingRates.com : 5 Items From the 1970s That Are Worth a Lot of Money Show comments
From January 2011 to December 2012, if you bought shares in companies when Rayford Wilkins, Jr. joined the board, and sold them when he left, you would have a 43.7 percent return on your investment, compared to a 12.1 percent return from the S&P 500.
Most were 2-for-1 splits, but the exception was February's 3-for-1 split. Every time a 2-for-1 split occurred, your share count doubled, and the number tripled in February. Hence, your one share ...