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
The loan has to come directly from you and go up to the S corporation.
—Tax Notes Staff, Forbes, 4 Mar. 2025
According to the most recent filing statistics from the IRS, over 4 million small businesses in the U.S. are taxed as S corporations, which equates to more than 60% of all businesses in the country.
—Cindy McGhee, Forbes, 3 Mar. 2025
Calendar-year partnership and S corporation returns normally due on March 17.
—Medora Lee, USA TODAY, 16 Jan. 2025
That includes calendar-year partnership and S corporation returns ordinarily due on March 17, 2025, calendar-year corporation and fiduciary returns and payments due on April 15, 2025, and calendar-year tax-exempt organization returns due on May 15, 2025.
—Kelly Phillips Erb, Forbes, 15 Jan. 2025
Calendar-year partnership and S corporation returns normally due on March 17, 2025.
—Robert W. Wood, Forbes, 12 Jan. 2025
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
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Tax Notes Staff, Forbes, 4 Mar. 2025
According to the most recent filing statistics from the IRS, over 4 million small businesses in the U.S. are taxed as S corporations, which equates to more than 60% of all businesses in the country.
—Cindy McGhee, Forbes, 3 Mar. 2025
Calendar-year partnership and S corporation returns normally due on March 17.
—Medora Lee, USA TODAY, 16 Jan. 2025
That includes calendar-year partnership and S corporation returns ordinarily due on March 17, 2025, calendar-year corporation and fiduciary returns and payments due on April 15, 2025, and calendar-year tax-exempt organization returns due on May 15, 2025.
—Kelly Phillips Erb, Forbes, 15 Jan. 2025
Calendar-year partnership and S corporation returns normally due on March 17, 2025.
—Robert W. Wood, Forbes, 12 Jan. 2025
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
Cite this Entry
“S corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/S%20corporation. Accessed 25 Mar. 2025.
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