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A block of code is enclosed in a set of:
Subchapter S Corporation
A type of corporation that meets specific Internal Revenue Code requirements and passes income, losses, deductions, and credits to its shareholders for federal tax purposes.
C Corporation
A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity, leading to potential double taxation on earnings.
Filing Statement
An official document submitted to a regulatory body or institution, detailing certain financial information or changes in ownership.
Tax-Free
Income, dividends, or distributions that are not subject to federal income tax.
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