S Corporations result in a single level of taxation.

Name: S Corporations result in a single level of taxation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

S Corporations are pass-through entities, meaning that the profits and losses are passed through to the shareholders who report them on their individual tax returns. Therefore, there is only a single level of taxation at the shareholder level, and no corporate level taxation.

S Corporations Result in a Single Level of Taxation