If a corporation has S corporation status,it can avoid the imposition of income taxes at the corporate level.

Name: If a corporation has S corporation status,it can avoid the imposition of income taxes at the corporate level.
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S corporations are not subject to federal income tax. Instead, the income, deductions, and credits of the corporation are passed through to its shareholders who report the items on their individual tax returns.

If a Corporation Has S Corporation Status,it Can Avoid the Imposition