S Corporation

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S Corporation

A corporation that elects not to be taxed as a corporation. That is, the corporation does not directly pay federal income tax on its earnings. Similar to a partnership, it passes its income or losses and other tax items on to its shareholders.

S Corporation

A business with few shareholders that is exempt from some taxes levied on other corporations. Specifically, an S corporation is not responsible for taxes on its profits (corporate taxes) and is taxed as if it were a partnership. However, it may have no more than 100 shareholders. An S corporate structure allows a company to take advantage of some of the benefits of incorporation without all of the responsibilities attached to it.
References in periodicals archive ?
It finds that banks with higher risk and banks that are not owned by a BHC have higher capital ratios, but that no economically significant relationship exists between capital holdings and S-corp banks.
Another organizational difference that might influence bank capital holdings is the tax treatment for S-corp banks.
2343 would pay for the interest rate extension by ending an exemption that allows high-income earners who run S-Corps to shield some of their income from payroll taxes.
In contrast, federal law caps the number of S-corp.
While S-elected LLCs are not new, many business owners believe that they have to choose between the tax incentives of a S-Corp and the ease of an LLC.
What is the distinction in treatment between an employee who pays FICA taxes, a shareholder of an S-Corp who receives a distribution and who is not an employee of the company, and a shareholder who is both a shareholder and an employee of the S-Corporation?
Consultation Service and Advisor Seminars on Strategic Giving of C- and S-Corp Stock, Limited Partnership Interests and Other Privately Held Assets
Health Insurance Deductibility: Health insurance expenses for S-corp owners and Schedule C filers should be fully deductible as a business expense with no limits.
This product was specifically designed to provide an attractive funding mechanism for our S-Corp Owner Plus, Bonus Plus and Split Dollar Plus solutions.
At the first workshop entitled "Alphabet Soup: LLC, C-Corp, S-Corp," Steve Cappalino an attorney from Miller, Canfield, Paddock and Stone, PLC will discuss:
This plan is just the latest addition to the seven other Principal Financial Group non-qualified solutions for executives, including the Principal S-Corp Bonus Plus(SM), Principal Split Dollar Plus(SM) and the Executive Nonqualified "Excess" Plan(TM).
Proforma net income, (which reflects adjustments necessary to give effect to the termination of the company's S-Corp status which occurred on June 26, 1995), rose to $512,000 from $391,000.