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Subchapter S

 - 1 dictionary result
Legal Dictionary

Main Entry: subchapter S
Pronunciation: -'es
Function: noun
: a subchapter of chapter 1 of the Internal Revenue Code that allows a small business corporation's taxable income to be computed in a manner similar to that used for a partnership —see also S corporation at CORPORATION
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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