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1 August, 03:52

An Scorporation is taxed just like

any other corporation.

True or false

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Answers (1)
  1. 1 August, 03:58
    0
    the answer is false. S corporations are not taxed like other corporations.

    This is becasue S corporations are pass - through entities. Which means the company as a whole is not liable to pay taxes but the shareholders are the ones who are liable for the income tax depending on their share and the income from the s corporation.
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