What is the difference between a c corporation and an s corporation.

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asked Sep 14, 2023 198k views

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Alexpandiyan Chokkan · Answer 1 · 2023-09-19T20:24:03+0000

The C corporation is the standard (or default) corporation under IRS rules. The S corporation is a corporation that has elected a special tax status with the IRS and therefore has some tax advantages. ... C corporations are taxed under Subchapter C while S corporations are taxed under Subchapter S.

What is the difference between a c corporation and an s corporation.

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