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  2. S corporation - Wikipedia

    en.wikipedia.org/wiki/S_corporation

    t. e. An S corporation (or S Corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. [1] In general, S corporations do not pay any income taxes.

  3. Taxation of cooperative corporations in the United States

    en.wikipedia.org/wiki/Taxation_of_cooperative...

    Overview. Cooperative corporations are formed to provide some mutual benefit for their members, and because of this, the Congress of the United States beginning in 1951 has allowed them a deduction from their income for "patronage dividends." [2] A "patronage dividend" is money paid by a cooperative to its patrons on the basis of business done ...

  4. Permanent S Corporation Built-in Gains Recognition Period Act ...

    en.wikipedia.org/wiki/Permanent_S_Corporation...

    The Permanent S Corporation Built-in Gains Recognition Period Act of 2014 ( H.R. 4453) is a bill that would amend the Internal Revenue Code of 1986 to reduce from 10 to 5 years the period during which the built-in gains of an S corporation are subject to tax and to make such reduction permanent. [1] [2] An S corporation is a closely held ...

  5. Partnership taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Partnership_taxation_in...

    e. The rules governing partnership taxation, for purposes of the U.S. Federal income tax, are codified according to Subchapter K of Chapter 1 of the U.S. Internal Revenue Code (Title 26 of the United States Code). Partnerships are "flow-through" entities. Flow-through taxation means that the entity does not pay taxes on its income.

  6. C corporation - Wikipedia

    en.wikipedia.org/wiki/C_corporation

    t. e. A C corporation, under United States federal income tax law, is any corporation that is taxed separately from its owners. A C corporation is distinguished from an S corporation, which generally is not taxed separately. Many companies, including most major corporations, are treated as C corporations for U.S. federal income tax purposes.

  7. United States Code - Wikipedia

    en.wikipedia.org/wiki/United_States_Code

    A typical example is the Religious Freedom Restoration Act of 1993 (RFRA), which is codified in Chapter 21B of Title 42 at 42 U.S.C. § 2000bb through 42 U.S.C. § 2000bb-4. [31] In the case of RFRA, Congress was trying to squeeze a new act into Title 42 between Chapter 21A (ending at 42 U.S.C. § 2000aa-12 ) and Chapter 22 (beginning at 42 U.S ...

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