Statements (54)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:company
gptkb:public_company |
| gptkbp:canBe |
closely held corporation
|
| gptkbp:canConvertFrom |
C corporation
|
| gptkbp:cannotIssue |
preferred stock
|
| gptkbp:canTerminateBy |
excess passive income
ineligibility revocation |
| gptkbp:compatibleWith |
gptkb:LLCs
partnerships banks insurance companies foreign corporations certain financial institutions corporate shareholders nonresident alien shareholders partnership shareholders |
| gptkbp:createdBy |
filing Form 2553 with IRS
|
| gptkbp:distributionsTaxedAs |
dividends
|
| https://www.w3.org/2000/01/rdf-schema#label |
S corporations
|
| gptkbp:liabilityProtection |
limited
|
| gptkbp:limitedToNumberOfShareholders |
100
|
| gptkbp:mayInclude |
certain trusts as shareholders
individual shareholders one class of stock up to 100 shareholders |
| gptkbp:mustFile |
gptkb:Form_1120S
|
| gptkbp:popularFor |
small businesses
|
| gptkbp:profitsAndLossesPassedTo |
shareholders
|
| gptkbp:requires |
domestic incorporation
eligible shareholders |
| gptkbp:shareholdersMustBe |
U.S. citizens or residents
|
| gptkbp:subject |
gptkb:IRS_regulations
IRS audit procedures annual reporting requirements at-risk rules built-in gains tax excess net passive income tax passive activity loss rules reasonable compensation rules shareholder basis rules shareholder consent requirements state corporation laws state filing fees state franchise taxes state income taxes |
| gptkbp:taxedAtEntityLevel |
no
|
| gptkbp:taxedAtShareholderLevel |
yes
|
| gptkbp:taxedUnder |
gptkb:Subchapter_S_of_Internal_Revenue_Code
|
| gptkbp:taxStatus |
pass-through entity
|
| gptkbp:bfsParent |
gptkb:IRS_Form_1120
gptkb:IRS_Form_1120S gptkb:IRS_Form_8283 |
| gptkbp:bfsLayer |
5
|