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S Corporation |
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S CorporationA corporation that elects not to be taxed as a corporation. That is, the corporation does not directly pay federal income tax on its earnings. Similar to a partnership, it passes its income or losses and other tax items on to its shareholders.S Corporation Similar MatchesEdge Act corporationEdge Act corporationCorporation chartered by the Federal Reserve to engage in international banking. The Board of Governors acts on applications to establish Edge Act corporations and also examines the corporations and their subsidiaries. Named after Senator Walter Edge of New Jersey, who sponsored the original legislation to permit formation of such organizations. See also: agreement corporation. Options Clearing CorporationOptions Clearing CorporationIn the US, the OCC is the body which clears options transactions. Founded in 1973, OCC is the largest clearing organisation in the world for financial derivatives instruments. Operating under the jurisdiction of the Securities and Exchange Commission, OCC is the issuer and registered clearing facility for all US exchange-listed securities options. OCC issues put and call options on several types of underlying assets including common stocks and other equity issues, stock indexes, foreign currencies and interest rate composites. URL: http://www.optionsclearing.com Controlled foreign corporation (CFC)Controlled foreign corporation (CFC)A foreign corporation whose voting stock is more than 50% owned by US stockholders, each of whom owns at least 10% of the voting power. Possessions corporationPossessions corporationA type of corporation permitted under the US tax code whose branch operation in a US possession can obtain tax benefits as though it were operating as a foreign subsidiary. Federal Agricultural Mortgage Corporation (Farmer Mac)Federal Agricultural Mortgage Corporation (Farmer Mac)A federal agency chartered in 1988 to provide a secondary market for farm mortgage loans. Further SuggestionsSection 352 of the Income and Corporation Taxes Act 1988Federal Home Loan Mortgage Corporation (FHLMC) Commodity Credit Corporation Corporation Freddie Mac (Federal Home Loan Mortgage Corporation) Alien corporation Foreign Sales Corporation Pension Benefit Guaranty Corporation Foreign Sales Corporation (FSC) Transnational corporation Financing Corporation (FICO) Federal Deposit Insurance Corporation (fdic) National Securities Clearing Corporation Shell corporation Federal Deposit Insurance Corporation Resolution Trust Corporation (RTC) corporation tax Articles of incorporation Domestic International Sales Corporation Instinet (Institutional Networks Corporation) articles of incorporation Security Industry Automated Corporation (SIAC) Eleemosynary Corporation Incorporation Private Export Funding Corporation (PEFCO) |
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