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16 June, 23:07

An Scorporation is taxed just like

any other corporation.

True or false

+1
Answers (1)
  1. 17 June, 02:26
    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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