Examples of S corporation in a sentence
A C corporation or S corporation without a commercial domicile in this state.
If you are an S corporation shareholder, do not include any loans that were assumed by the corporation or that were liens or encumbrances on property you contributed to the corporation since the effective date if the corporation took the property subject to the debt.
A penalty of $500 will be assessed to any S corporation that fails to file a composite return that includes all qualified nonresident shareholders.
Generally, a well started before October 1, 1978, is not subject to the at-risk rules.activities of holding real property.The activity of holding real property is subject to the at-risk rules for property placed in service after 1986, and for an interest acquired after 1986 in an S corporation, partnership, or other pass-through entity engaged in an activity of holding real property.
See the list of Pass-through Tax Credits on page 18.An S corporation filing a composite return is liable not only for the tax shown on the return.