S Corporation

See also

Subchapter S Corporation in the American legal Encyclopedia

English Spanish Translation of S Corporation

S.A. Clasificada en el subcapítulo S del Código Fiscal (IRS)

Find other English to Spanish translations from the Pocket Spanish English Legal Dictionary (print and online), the English to Spanish to English dictionaries (like S Corporation) and the Word reference legal translator.

S Corporation Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of S Corporation in a way that is easy for anybody to understand: A CORPORATION which, under the INTERNAL REVENUE CODE, is generally not subject to federal income taxes. Instead, taxable income of the corporation is passed through to its stockholders in a manner similar to that of a PARTNERSHIP.

United States Tax Concept of S Corporation

A corporation that is taxed much like a partnership. The corporation generally pays no tax because profits and losses and other tax items are passed on and taxed to the shareholders. S Corporations provide the legal liability protection of a corporation to its shareholders while avoiding corporate double taxation.

S Corporation