S corporation
noun
US law
: a small business corporation that is treated for federal tax purposes as a partnership
Because MDY is an S corporation, all net income is considered the owners' taxable income.—
Jill Andresky Fraser
Jill Andresky FraserExamples of S corporation in a Sentence
Recent Examples on the Web
Deduction Sole proprietors and owners of pass-through businesses like limited liability corporations (LLCs), S corporations, and partnerships may be eligible for a deduction of up to 20% to lower the tax rate for qualified business income.
—Kelly Phillips Erb, Forbes.com, 11 Sep. 2025
Permanent and enhanced tax deductions Qualified Business Income (QBI) deduction: The 20% deduction for qualified business income, crucial for pass-through entities (sole proprietorships, partnerships, S corporations), is made permanent.
—Sydney Lake, Fortune, 8 July 2025
Quarterly payments are due for individuals, sole proprietors, partners and S corporation shareholders who expect to owe at least $1,000 for the current tax year, according to the IRS.
—Kate Dore, Cfp®, Ea, CNBC, 15 June 2025
Taxpayers—including sole proprietors, partners, and S corporation shareholders—who expect to owe at least $1,000 in taxes for the year are generally required to make estimated tax payments.
—Aliss Higham, MSNBC Newsweek, 10 June 2025
Among the various business tax provisions, small businesses, including partnerships and S corporations, will be able to subtract 23% of their qualified business income from their taxes.
—Kevin Freking, Los Angeles Times, 21 May 2025
So if an S corporation borrows from a bank, if a shareholder guarantees an S corporation's bank debt, none of that moves the needle for an S corp shareholder.
—Tax Notes Staff, Forbes, 4 Mar. 2025
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Kelly Phillips Erb, Forbes.com, 11 Sep. 2025
Permanent and enhanced tax deductions Qualified Business Income (QBI) deduction: The 20% deduction for qualified business income, crucial for pass-through entities (sole proprietorships, partnerships, S corporations), is made permanent.
—Sydney Lake, Fortune, 8 July 2025
Quarterly payments are due for individuals, sole proprietors, partners and S corporation shareholders who expect to owe at least $1,000 for the current tax year, according to the IRS.
—Kate Dore, Cfp®, Ea, CNBC, 15 June 2025
Taxpayers—including sole proprietors, partners, and S corporation shareholders—who expect to owe at least $1,000 in taxes for the year are generally required to make estimated tax payments.
—Aliss Higham, MSNBC Newsweek, 10 June 2025
Among the various business tax provisions, small businesses, including partnerships and S corporations, will be able to subtract 23% of their qualified business income from their taxes.
—Kevin Freking, Los Angeles Times, 21 May 2025
So if an S corporation borrows from a bank, if a shareholder guarantees an S corporation's bank debt, none of that moves the needle for an S corp shareholder.
—Tax Notes Staff, Forbes, 4 Mar. 2025
Cite this Entry
“S corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/S%20corporation. Accessed 19 Sep. 2025.
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