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

Examples of S corporation in a Sentence

Recent Examples on the Web Due date for 2023 calendar year partnership returns (Forms 1065) and S corporations (Forms 1120-S) filed on extension. —

Kelly Phillips Erb, Forbes, 17 Aug. 2024 Calendar-year partnership and S corporation returns normally due on March 15, 2024. —

Robert W. Wood, Forbes, 27 Mar. 2024 Calendar-year partnership, corporation, fiduciary and S corporation returns, which were previously due March or April 15 — for federal and state alike. —

Roxana Popescu, San Diego Union-Tribune, 27 Feb. 2024 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

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.