SUBCHAPTER S Definition

Bookmark and Share

SUBCHAPTER S is a legal corporate entity organized under the United States Federal Tax Code that allows Subchapter S Corporations to distribute all income / loss proportionately to its shareholders, who then claim that income / loss on their personal income taxes; thereby avoiding the payment of corporate taxes.

Learn new Accounting Terms

FX ACCOUNT (Foreign Exchange Account) is a trading account usually based in foreign currencies.

AIS is Accounting Information System.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.