US Code
CHAPTER 1— NORMAL TAXES AND SURTAXES
Subchapter S— Tax Treatment of S Corporations and Their Shareholders

PART I— IN GENERAL

§ 1361. S corporation defined - (a) S corporation defined(1) In generalFor purposes of this title,...

§ 1362. Election; revocation; termination - (a) Election(1) In generalExcept as provided in subsection (g), a...

§ 1363. Effect of election on corporation - (a) General ruleExcept as otherwise provided in this subchapter, an...

PART II— TAX TREATMENT OF SHAREHOLDERS

§ 1366. Pass-thru of items to shareholders - (a) Determination of shareholder’s tax liability(1) In generalIn determining the...

§ 1367. Adjustments to basis of stock of shareholders, etc. - (a) General rule(1) Increases in basisThe basis of each shareholder’s...

§ 1368. Distributions - (a) General ruleA distribution of property made by an S...

PART III— SPECIAL RULES

§ 1371. Coordination with subchapter C - (a) Application of subchapter C rulesExcept as otherwise provided in...

§ 1372. Partnership rules to apply for fringe benefit purposes - (a) General ruleFor purposes of applying the provisions of this...

§ 1373. Foreign income - (a) S corporation treated as partnership, etc.For purposes of subparts...

§ 1374. Tax imposed on certain built-in gains - (a) General ruleIf for any taxable year beginning in the...

§ 1375. Tax imposed when passive investment income of corporation having accumulated earnings and profits exceeds 25 percent of gross receipts - (a) General ruleIf for the taxable year an S corporation...

PART IV— DEFINITIONS; MISCELLANEOUS

§ 1377. Definitions and special rule - (a) Pro rata shareFor purposes of this subchapter—(1) In generalExcept...

§ 1378. Taxable year of S corporation - (a) General ruleFor purposes of this subtitle, the taxable year...

§ 1379. Transitional rules on enactment - (a) Old electionsAny election made under section 1372(a) (as in...