For S Corporation we have terms and definitions in 6 topics. The topics are Accounting, Accounting Terms, Charitable Donation, Employee Benefits, Fundraising and Tax.

S Corporation (Accounting)

An S Corporation is 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.

S Corporation (Accounting Terms)

An S Corporation is 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.

S Corporation (Charitable Donation)

A corporation whose income is not taxable. Income from S corporations is taxed to their shareholders, similar to partnerships. Corporations and their shareholders make the decision whether to be S corporations or C corporations, depending on which they believe will have the best tax advantages. NTBI accepts stock from these types of corporations.

S Corporation (Employee Benefits)

A corporation that has elected to be taxed under Subchapter S of the Code. An S corporation is generally not taxed in a manner similar to a partnership. The S corporation’s income is reported and taxed on the individual shareholder’s tax returns. There are various limitations on S corporations, including the number of shareholders that a corporation may have.

S Corporation (Fundraising)

A corporation which is not taxable. S corporations' income is taxed to their shareholders, similar to partnerships. Corporations and their shareholders make the decision whether to be S corporations or C corporations, depending on which they believe will have the best tax advantages. If nonprofits receive or hold stock in S corporations, those corporations will lose their S corporation status and become regular or C corporations. Therefore, donors will usually not contribute the stock of S corporations.

S Corporation (Tax)

A small corporation which elects subchapter S tax treatment. This tax treatment allows the corporation to avoid federal level taxation. Corporate Profits and Losses are passed through to the shareholders.

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