S corporation definition

S corporation means a person that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for its taxable year.
S corporation means an incorporated entity for which a valid election under section 1362 of the Internal Revenue Code (26 U.S.C. 1362) is in effect.
S corporation shall have the meaning set forth in Section 1361 of the Code.

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.


More Definitions of S corporation

S corporation means an incorporated entity for which a valid election under section 1362 of
S corporation means "S corporation" as defined in Section 1361(a) of the Internal Revenue Code;
S corporation means any corporation that is an S corporation for federal income tax purposes.
S corporation means a corporation for which a valid election under section 1372(a) of the Internal Revenue Code is in effect. A corporation must file Form 84-105 if (a) it elected to be an S corporation by filing Federal Form 2553, (b) the IRS accepted the election, and (c) the election remains in effect. Do not file Form 84-105 until the corporation has been notified by the IRS that the federal election has been accepted.
S corporation means an S corporation as defined in Section 1361, Internal
S corporation means an S Corporation within the meaning of section 1361 of the Code.
S corporation means "S corporation" as defined in Section 1361(a) of the Internal