S Corporation defined. (a) In general.
S Corporation defined. (a) In general. For purposes of this title, with respect to any taxable year—
S Corporation defined. As used herein the term "S corporation" means, with respect to any specified period, a corporation (A) that has in effect throughout such period a valid election under Section 1362(a) of the Internal Revenue Code of 1986, as amended (the "Code") to be an S corporation which is, and whose shareholders are, subject to the tax treatment provided for under the provisions of Sections 1361 ET SEQ. of the Code, and (B) that remains qualified throughout such period to be, and is treated throughout such period as, an S corporation which is, and whose shareholders are, subject to the tax treatment provided for under Sections 1361 ET SEQ. of the Code.
S Corporation defined. As used herein the term "S --------------------- corporation" means, with respect to any specified period, a corporation that has in effect throughout such period a valid election under Section 1362(a) of the Code to be an S corporation which is, and whose shareholders are, subject to the tax treatment provided for under the provisions of Sections 1361 et seq. of the Code.
