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Community: Investing Wiki

Term Of The Hour

s corp distribution: Original post by Lisa Bigelow of Demand Media The Internal Revenue Service (IRS) defines an S Corporation as a corporation that decides to let its income -- as well as losses and deductions -- pass through to its shareholders, who must report the income on their personal income tax returns. Pass-through taxation lets the S Corporation avoid double taxation on its income, according to the IRS. If…

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