S Corporation


 

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S Corporation

A 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 Matches

Edge Act corporation

Edge Act corporation

Corporation 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 Corporation

Options Clearing Corporation

In 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 corporation

Possessions corporation

A 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 Suggestions

Section 352 of the Income and Corporation Taxes Act 1988
Federal 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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