C Corporation

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Definitions
C Corporation
C Corporation Taxation Corporate Tax Business Structure Liability Protection IRS Code Subchapter C
A C Corporation is a type of corporation that is taxed separately from its owners under Subchapter C of the Internal Revenue Code. This structure allows the corporation to retain earnings and provides liability protection for its shareholders.
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Definitions
S Corporation
S Corporation C Corporation Shareholders Limited Liability Double Taxation Tax Return Pro Rata
An S Corporation is a type of corporation that meets specific Internal Revenue Service (IRS) requirements allowing the company's income, losses, deductions, and credits to be passed through to shareholders for federal tax purposes.
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Definitions
Tax Status Election
Tax Status Election Filing Status Income Taxes Single Married Filing Jointly Married Filing Separately Head of Household C Corporation S Corporation Limited Partnership Sole Proprietorship
Selection of filing status available for state and federal income taxes, including options for both individuals and businesses, significantly impacting tax obligations.
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