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22 January, 06:12

Define C corporation, and S corporation

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  1. 22 January, 06:37
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    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.

    Explanation:

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