Sentences with phrase «taxed under subchapter»

David Hillman («Taxpayer») was the sole shareholder of Southern Management Corporation («S Corp»), which was a corporation taxed under Subchapter S of the Internal Revenue Service Code («Code»).

Taxed under Subchapter S of Chapter 1 of the Internal Revenue Code, the corporation passes corporate income, losses, deductions, and credit through to shareholders, who report them on their own tax returns.

Not exact matches

A corporation which has elected (by unanimous consent of its shareholders) under Subchapter S of the IRS code not to pay any corporate tax on its income.

Funds in each structure are generally taxed as corporations and treated as regulated investment companies under Subchapter M of the Internal Revenue Code.

If a Fund fails to qualify as a regulated investment company under Subchapter M in any fiscal year, it may be able to pay a tax penalty on the portion of income that caused to inadvertently violate Subchapter M or it will be treated as a corporation for federal income tax purposes.

With more than 30 years of experience in insurance tax, Tom Gick advises on the taxation of insurance companies and their products; guiding clients through insurance company tax matters, including tax reserving and other matters arising under subchapter L.

If an enrollee receiving advance payments of the premium tax credit exhausts the 3 - month grace period in paragraph (d) of this section without paying all outstanding premiums, subject to a premium payment threshold implemented under § 155.400 (g) of this subchapter, if applicable, the QHP issuer must terminate the enrollee's enrollment through the Exchange on the effective date described in § 155.430 (d)(4) of this subchapter, provided that the QHP issuer meets the notice requirement specified in paragraph (b) of this section.