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 Fraser
Examples of S corporation in a Sentence
Recent Examples on the Web
In addition, special rules for partners and certain S corporation shareholders allow businesses to reimburse their owners for Medicare premiums.
—Margie Zable Fisher, Fortune Well, 24 Aug. 2023
The S corporation takes a deduction as wage expense for the amount of premiums paid or reimbursed.
—Vlad Rusz, Forbes, 23 Mar. 2023
This includes taxes from individuals and from sole proprietorships, partnerships, S corporations and limited liability companies that file business income on personal tax returns.
—Kathleen Pender, San Francisco Chronicle, 2 Mar. 2023
Margie Zable Fisher, Fortune Well, 24 Aug. 2023
The S corporation takes a deduction as wage expense for the amount of premiums paid or reimbursed.
—Vlad Rusz, Forbes, 23 Mar. 2023
This includes taxes from individuals and from sole proprietorships, partnerships, S corporations and limited liability companies that file business income on personal tax returns.
—Kathleen Pender, San Francisco Chronicle, 2 Mar. 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'S corporation.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1960, in the meaning defined above
Dictionary Entries Near S corporation
Cite this Entry
“S corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/S%20corporation. Accessed 27 Sep. 2023.
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Legal Definition
S corporation
see corporation
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