S corporation

A corporation whose income is taxed through its shareholders rather than through the corporation itself.

• Only corporations with a limited number of shareholders can elect S-corporation tax status under Sub-chapter S of the Internal Revenue Code.

— Also termed subchapter-S corporation; tax-option corporation. Cf. C corporation. [Cases: Internal Revenue 3885–3903. C.J.S. Internal Revenue §§ 374–379.]

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词条贡献者

译者Susanne，世界顶尖法学院国际税法专业，擅长翻译各种与联邦税务纠纷相关的法律文件。