Examlex
Perform the indicated operation. Where possible, reduce the answer to its lowest terms.
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Subchapter S
A section of the Internal Revenue Code allowing corporations with 100 shareholders or less to be taxed as a partnership, avoiding double taxation.
Internal Revenue Code
The comprehensive set of tax laws and regulations in the United States governing federal tax obligations.
Tax Status
Refers to the classification of an entity or individual for tax purposes, based on criteria like income, employment, or ownership structure, affecting tax responsibilities.
Declaring Dividends
The action by a company's board of directors to distribute profits to shareholders in proportion to the amount of shares they own.
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