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
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For example, some business owners have discussed flipping their S corporations to a C corporation to take advantage of potentially lower corporate rates and avoid potentially higher individual rates.
—Kelly Phillips Erb, Forbes, 24 Dec. 2024
New forms of partnerships arose, and the subchapter S corporation, which offered its own loophole around Medicare tax, emerged as an even more popular vehicle.
—Paul Kiel, ProPublica, 11 Dec. 2024
For instance, an S corporation might offer advantages like reducing self-employment taxes, while a C corporation may benefit from corporate tax rates under certain circumstances.
—Shane Styne, Forbes, 29 Oct. 2024
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
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Kelly Phillips Erb, Forbes, 24 Dec. 2024
New forms of partnerships arose, and the subchapter S corporation, which offered its own loophole around Medicare tax, emerged as an even more popular vehicle.
—Paul Kiel, ProPublica, 11 Dec. 2024
For instance, an S corporation might offer advantages like reducing self-employment taxes, while a C corporation may benefit from corporate tax rates under certain circumstances.
—Shane Styne, Forbes, 29 Oct. 2024
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
Dictionary Entries Near S corporation
Cite this Entry
“S corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/S%20corporation. Accessed 6 Jan. 2025.
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