Subchapter S. Tax Treatment of S Corporations and Their Shareholders

Part I. In General

• 26 U.S.C. § 1361 S Corporation Defined
• 26 U.S.C. § 1362 Election; Revocation; Termination
• 26 U.S.C. § 1363 Effect of Election On Corporation

Part II. Tax Treatment of Shareholders

• 26 U.S.C. § 1366 Pass-Thru of Items to Shareholders
• 26 U.S.C. § 1367 Adjustments to Basis of Stock of Shareholders, Etc
• 26 U.S.C. § 1368 Distributions

Part III. Special Rules

• 26 U.S.C. § 1371 Coordination With Subchapter C
• 26 U.S.C. § 1372 Partnership Rules to Apply For Fringe Benefit Purposes
• 26 U.S.C. § 1373 Foreign Income
• 26 U.S.C. § 1374 Tax Imposed On Certain Built-In Gains
• 26 U.S.C. § 1375 Tax Imposed When Passive Investment Income of Corporation Having Accumulated Earnings and Profits Exceeds 25 Percent of Gross Receipts

Part IV. Definitions; Miscellaneous

• 26 U.S.C. § 1377 Definitions and Special Rule
• 26 U.S.C. § 1378 Taxable Year of S Corporation
• 26 U.S.C. § 1379 Transitional Rules On Enactment