Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A subsection of a chapter.
  • n. any of several portions of the Internal Revenue Code that cover specific areas of taxation

Etymologies

Sorry, no etymologies found.

Examples

  • Such companies, often called "Sub-Ss" after the subchapter of the tax code governing them, is a popular choice of entity for private firms.

    The IRS Targets Income Tricks

  • And since some 4.5 million small-business owners file their annual tax returns as subchapter S firms under the individual tax code, this tax increase would often apply to the same people who Mr. Obama is targeting with his new tax credits.

    The 2013 Tax Cliff

  • If he has a subchapter S corporation, the tax is the same whether they pay out of corporate funds or pay a distribution and pay out of personal funds.

    Matthew Yglesias » Corporate Political Contributions as Tax Break

  • This subchapter shall not apply to a religious corporation, association, educational institution, or society with respect to the employment of individuals of a particular religion to perform work connected with the carrying on by such corporation, association, educational institution, or society of its activities.

    Red Room: Work For A Church Or Religious School? You May Have No Civil Rights

  • Under this subchapter, a religious organization may require that all applicants and employees conform to the religious tenets of such organization.

    Red Room: Work For A Church Or Religious School? You May Have No Civil Rights

  • This subchapter shall not prohibit a religious corporation, association, educational institution, or society from giving preference in employment to individuals of a particular religion to perform work connected with the carrying on by such corporation, association, educational institution, or society of its activities.

    Red Room: Work For A Church Or Religious School? You May Have No Civil Rights

  • A dream of an America where subchapter S and limited liability corporations will be able to join hands as sisters and brothers; an America where companies are judged not by the content of their characters but by the amount in their balance sheets.

    David Misch: Occupy, Inc.

  • Audits of subchapter S returns, which are often filed by small businesses, also rose in 2011, up 13% over their 2010 level.

    IRS Targets High Earners

  • Owners of closely held businesses using subchapter S sometimes pay themselves in dividends and lowball their wages in order to minimize the 15.3% payroll tax.

    30 Last-Minute Tax Tips

  • Payouts to subchapter S owners who earn little or no compensation.

    30 Last-Minute Tax Tips

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