Subchapter S-Election
(Also referred to as an S-Election) – The election by stockholders of a company or LLC members with one or more U.S. citizens or permanent residents that results in the passing-through of a corporation’s taxable income to the stockholders. Trusts, corporations, and non-U.S. citizens cannot be stockholders or LLC members without disqualifying the S-Election.
(Also referred to as an S-Election) – The election by stockholders of a company or LLC members with one or more U.S. citizens or permanent residents that results in the passing-through of a corporation’s taxable income to the stockholders. Trusts, corporations, and non-U.S. citizens cannot be stockholders or LLC members without disqualifying the S-Election.