S Election, Credit Unions, Fiduciaries, Savings Plans, Trust Companies, Letters Of Credit, Registered Agents
List of United States Depository Institutions, Credit Unions, Guide Service
S Election - Depository Glossary Terms and Abbreviations
The election by members of a company with one or more U.S. citizens or permanent residents that results in the passing-through of a Corporation's taxable income or losses to the stockholders. The advantage of the S Election for Corporations is that profits distributed as S-Corporationdividends are treated as passive income not subject to employment taxes if reasonable compensation has been paid to stockholders performing services for the S-Corporation.