Subchapter S of the Internal Revenue Code
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
tax law provision
|
| 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 |
eligible domestic corporations
|
| gptkbp:citation |
gptkb:26_U.S.C._§§_1361–1379
|
| gptkbp:codifiedIn |
Sections 1361-1379
|
| gptkbp:dateEnacted |
1958
|
| gptkbp:enables |
gptkb:S_corporation
|
| gptkbp:governs |
taxation of S corporations
|
| https://www.w3.org/2000/01/rdf-schema#label |
Subchapter S of the Internal Revenue Code
|
| gptkbp:limitation |
number of shareholders
types of shareholders |
| gptkbp:partOf |
gptkb:Internal_Revenue_Code
|
| gptkbp:prohibits |
corporate shareholders
nonresident alien shareholders partnership shareholders |
| gptkbp:purpose |
allow small businesses to avoid double taxation
|
| gptkbp:requires |
single class of stock
|
| gptkbp:taxStatus |
shareholders on pass-through income
|
| gptkbp:bfsParent |
gptkb:S_corporations_in_the_United_States
|
| gptkbp:bfsLayer |
6
|