Examples of S corporation in a sentence
For example, you may need to provide updated information if you are a C corporation that elects to be an S corporation, or if you no longer are tax exempt.
If the LLC has filed Form 8832 or 2553 to be taxed as a corporation, check the “Limited Liability Company” box and in the space provided enter “C” for C corporation or “S” for S corporation.
Limited partnership, limited liability corporation, limited liability partnership, Subchapter S corporation or sole proprietorship.
If you are an LLC that has filed a Form 8832 or a Form 2553 to be taxed as a corporation, enter “C” for C corporation or “S” for S corporation.
An S corporation shareholder's share of net profits of the S corporation, other than any part of the share of net profits that represents wages as defined in Section 3121(a) of the Internal Revenue Code or net earnings from self-employment as defined in Section 1402(a) of the Internal Revenue Code.