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
Quarterly payments are due for individuals, sole proprietors, partners and S corporation shareholders who expect to owe at least $1,000 for the current tax year, according to the IRS.
—Kate Dore, Cfp®, Ea, CNBC, 15 June 2025
Taxpayers—including sole proprietors, partners, and S corporation shareholders—who expect to owe at least $1,000 in taxes for the year are generally required to make estimated tax payments.
—Aliss Higham, MSNBC Newsweek, 10 June 2025
For federal purposes, entities that have elected to be taxed as an S corporation will file Form 1120-S.
—Kelly Phillips Erb, Forbes.com, 6 June 2025
The deduction allows small businesses, including partnerships, sole proprietorships (who are often gig workers) and S corporations, to subtract 20% of their qualified business income from their taxes, lowering their tax liability.
—Alain Sherter, CBS News, 14 May 2025
Businesses use structures like limited liability companies (LLCs) or S corporations to pass income through to the owners without paying tax at the company level.
—Kelly Phillips Erb, Forbes.com, 14 May 2025
The increase is a win for pass-through firms — partnerships, sole proprietorships and S corporations — which make up the vast majority of businesses in the US.
—Bloomberg, Mercury News, 13 May 2025
Might a loan from an S corporation really be a disguised second class of stock which is prohibited?
—Martin Shenkman, Forbes.com, 30 Apr. 2025
Also, partnership returns, S corporation returns, gift, and generation-skipping transfer tax returns; annual information returns of tax-exempt organizations and employment and certain excise tax returns.
—Howard Cohen, Miami Herald, 11 Apr. 2025
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Kate Dore, Cfp®, Ea, CNBC, 15 June 2025
Taxpayers—including sole proprietors, partners, and S corporation shareholders—who expect to owe at least $1,000 in taxes for the year are generally required to make estimated tax payments.
—Aliss Higham, MSNBC Newsweek, 10 June 2025
For federal purposes, entities that have elected to be taxed as an S corporation will file Form 1120-S.
—Kelly Phillips Erb, Forbes.com, 6 June 2025
The deduction allows small businesses, including partnerships, sole proprietorships (who are often gig workers) and S corporations, to subtract 20% of their qualified business income from their taxes, lowering their tax liability.
—Alain Sherter, CBS News, 14 May 2025
Businesses use structures like limited liability companies (LLCs) or S corporations to pass income through to the owners without paying tax at the company level.
—Kelly Phillips Erb, Forbes.com, 14 May 2025
The increase is a win for pass-through firms — partnerships, sole proprietorships and S corporations — which make up the vast majority of businesses in the US.
—Bloomberg, Mercury News, 13 May 2025
Might a loan from an S corporation really be a disguised second class of stock which is prohibited?
—Martin Shenkman, Forbes.com, 30 Apr. 2025
Also, partnership returns, S corporation returns, gift, and generation-skipping transfer tax returns; annual information returns of tax-exempt organizations and employment and certain excise tax returns.
—Howard Cohen, Miami Herald, 11 Apr. 2025
Cite this Entry
“S corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/S%20corporation. Accessed 5 Jul. 2025.
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