Subchapter S of Internal Revenue Code
GPTKB entity
Statements (31)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
subchapter of United States Internal Revenue Code
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:amendedBy |
gptkb:American_Jobs_Creation_Act_of_2004
gptkb:Small_Business_Job_Protection_Act_of_1996 gptkb:Tax_Reform_Act_of_1986 |
| gptkbp:appliesTo |
domestic corporations only
|
| gptkbp:codifiedIn |
gptkb:26_U.S.C._§§_1361–1379
|
| gptkbp:dateEnacted |
1958
|
| gptkbp:defines |
eligibility requirements for S corporation status
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:establishes |
rules for S corporations
|
| gptkbp:excludes |
gptkb:domestic_international_sales_corporations
insurance companies certain financial institutions |
| gptkbp:governs |
gptkb:S_corporation
|
| https://www.w3.org/2000/01/rdf-schema#label |
Subchapter S of Internal Revenue Code
|
| gptkbp:limitation |
number of shareholders in S corporations
one class of stock for S corporations |
| gptkbp:partOf |
gptkb:Internal_Revenue_Code
|
| gptkbp:prohibits |
nonresident aliens as S corporation shareholders
types of shareholders in S corporations |
| gptkbp:provides |
pass-through taxation for S corporations
|
| gptkbp:purpose |
allow small business corporations to avoid double taxation
|
| gptkbp:requires |
S corporation shareholders to be individuals, certain trusts, or estates
|
| gptkbp:section |
Section 1366: Pass-through of items to shareholders
Section 1361: Definition of S corporation Section 1362: Election; revocation; termination Section 1363: Effect of election on corporation Section 1371: Coordination with subchapter C |
| gptkbp:bfsParent |
gptkb:S_corporations
|
| gptkbp:bfsLayer |
6
|