“The Smiths’ children.”, Before you get too apostrophe-happy, it’s important to note that some instances call for no apostrophe at all. S is a statistical programming language developed primarily by John Chambers and (in earlier versions) Rick Becker and Allan Wilks of Bell Laboratories.The aim of the language, as expressed by John Chambers, is "to turn ideas into software, quickly and faithfully". “We are going to the Smiths for dinner.”. Both “Mr. In New York City, S corporations are subject to the full corporate income tax at an 8.85% rate. The New S Language[5] (1988 Blue Book) was published to introduce the new features, such as the transition from macros to functions and how functions can be passed to other functions (such as apply). However, a distribution to a shareholder that is in excess of the shareholder's basis in his or her stock is taxed to the shareholder as capital gain. Early design decisions that hold even today include interactive graphics devices (printers and character terminals at the time), and providing easily accessible documentation for the functions. 209-147 Liberty Street [8] It provides advanced object-oriented features. One of the main areas of confusion when it comes to the apostrophe ‘s’ is where to put the darn thing. If two people possess the same thing and you are showing this within the sentence, then you place the apostrophe before the ‘s’ on the second name. If a shareholder resides in a community property state, the shareholder's spouse generally must also sign the 2553. One of the main areas of confusion when it comes to the apostrophe ‘s’ is where to put the darn thing. Until then, enjoy the best of Niles Crane. [5] However, with modern incorporation statutes making the establishment of a corporation relatively easy, firms that might traditionally have been run as partnerships or sole proprietorships are often run as corporations with a small number of shareholders in order to take advantage of the beneficial features of the corporate form; this is particularly true of firms established prior to the advent of the modern limited liability company. Widgets Inc, an S-Corp, makes $10,000,000 in net income (before payroll) in 2006 and is owned 51% by Bob and 49% by John. Toronto, ON M6K 3G3. Congress, acting on the Department of Treasury's suggestion of 1946, created this chapter in 1958 as part of a larger package of miscellaneous tax items. The same applies to amounts contributed to Health Savings Accounts (HSA). This apostrophe form of the possessive …

Some but not all states recognize a state tax law equivalent to an S corporation, so that the S corporation in certain states may be treated the same way for state income tax purposes as it is treated for Federal purposes. Find real-time @S.1 - Soybeans Front Month Futures stock quotes, company profile, news and forecasts from CNN Business. The S corporation election must typically be made by the fifteenth day of the third month of the tax year for which the election is intended to be effective, or at any time during the year immediately preceding the tax year. Thanks! That means one person owns an object or an idea or an emotion.