S corporation
noun
US law
: a small business corporation that is treated for federal tax purposes as a partnership
Because MDY is an S corporation, all net income is considered the owners' taxable income.—
Jill Andresky Fraser
Jill Andresky FraserExamples of S corporation in a Sentence
Recent Examples on the Web
Under the proposal, partners and S corporation shareholders who actively participate in their business and have individual taxable income over $400,000 would have to pay an additional net investment tax not currently assessed, which would be 5% under the Harris proposal (currently 3.8%).
—Lynn Mucenski Keck, Forbes, 9 Oct. 2024
Is your business an S corporation or C corporation?
—Karla Dennis, Forbes, 1 Oct. 2024
Due date for 2023 calendar year partnership returns (Forms 1065) and S corporations (Forms 1120-S) filed on extension.
—Kelly Phillips Erb, Forbes, 14 Sep. 2024
Calendar-year partnership and S corporation returns normally due on March 15, 2024.
—Robert W. Wood, Forbes, 27 Mar. 2024
Calendar-year partnership, corporation, fiduciary and S corporation returns, which were previously due March or April 15 — for federal and state alike.
—Roxana Popescu, San Diego Union-Tribune, 27 Feb. 2024
In addition, special rules for partners and certain S corporation shareholders allow businesses to reimburse their owners for Medicare premiums.
—Margie Zable Fisher, Fortune Well, 24 Aug. 2023
The S corporation takes a deduction as wage expense for the amount of premiums paid or reimbursed.
—Vlad Rusz, Forbes, 23 Mar. 2023
This includes taxes from individuals and from sole proprietorships, partnerships, S corporations and limited liability companies that file business income on personal tax returns.
—Kathleen Pender, San Francisco Chronicle, 2 Mar. 2023
Lynn Mucenski Keck, Forbes, 9 Oct. 2024
Is your business an S corporation or C corporation?
—Karla Dennis, Forbes, 1 Oct. 2024
Due date for 2023 calendar year partnership returns (Forms 1065) and S corporations (Forms 1120-S) filed on extension.
—Kelly Phillips Erb, Forbes, 14 Sep. 2024
Calendar-year partnership and S corporation returns normally due on March 15, 2024.
—Robert W. Wood, Forbes, 27 Mar. 2024
Calendar-year partnership, corporation, fiduciary and S corporation returns, which were previously due March or April 15 — for federal and state alike.
—Roxana Popescu, San Diego Union-Tribune, 27 Feb. 2024
In addition, special rules for partners and certain S corporation shareholders allow businesses to reimburse their owners for Medicare premiums.
—Margie Zable Fisher, Fortune Well, 24 Aug. 2023
The S corporation takes a deduction as wage expense for the amount of premiums paid or reimbursed.
—Vlad Rusz, Forbes, 23 Mar. 2023
This includes taxes from individuals and from sole proprietorships, partnerships, S corporations and limited liability companies that file business income on personal tax returns.
—Kathleen Pender, San Francisco Chronicle, 2 Mar. 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'S corporation.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near S corporation
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“S corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/S%20corporation. Accessed 5 Nov. 2024.
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