An S corporation is subject to the following tax(es).

Name: An S corporation is subject to the following tax(es).
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S corporations are generally not subject to corporate income tax or alternative minimum tax. However, they may be subject to built-in gains tax if they have appreciated assets at the time of conversion from a C corporation to an S corporation and sell those assets within a certain period after the conversion.

An S Corporation Is Subject to the Following Tax(es)