Define C corporation, and S corporation

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asked Mar 3, 2021 126k views

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Stephen Lin · Answer 1 · 2021-03-09T07:54:26+0000

Answer:

C corporation, under United States federal income tax law, refers to any corporation that is taxed separately from its owners

An S corporation, for United States federal income tax, is a closely held corporation that makes a valid election to be taxed under Sub chapter S of Chapter 1 of the Internal Revenue Code.

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Define C corporation, and S corporation

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