Certain corporations elect to be treated as S corporations for Federal tax purposes. Electing to be treated as an S corporation allows income to flow through the corporation without being taxed until it is claimed as income by the shareholders. This avoids double taxation of corporate income. Here you will find data tables and SOI Bulletin articles concerning 1120S corporations.
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Integrated Business Data: Tables and articles that combine the annual SOI cross-sectional studies of corporation (C and S corporations), partnership, and nonfarm sole proprietorship data.
| S Corporation Returns
Article by Kelly Luttrel, SOI |
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| S corporations continue to be the most prevalent type of corporation. For Tax Year 2003, about 61.9 percent of all corporations filed a Form 1120S. The total number of returns filed by S corporations for Tax Year 2003 increased 5.9 percent to nearly 3.3 million, from nearly 3.2 million reported in Tax Year 2002. S corporations became the most common corporate entity type in 1997. | |
The following are available as Microsoft Excel® files. A free Excel viewer is available for download, if needed.
| Table 1: Returns of Active Corporations, Form 1120S | |
| Data Presented: | Total receipts and deductions, portfolio income, rental income, and total net income |
| Classified By: |
Major industry |
| Data Presented: | Total receipts and deductions, portfolio income, rental income, and total net income |
| Classified By: | Major industry |
| Data Presented: | Balance sheet items |
| Classified By: | Major industry |
| Note: Table 7 is presented in lieu of Table 3; Table 7 provides both balance sheet and income statement items | |
| Data Presented: | Total receipts and deductions, portfolio income, rental income, and total net income |
| Classified By: | Size of business receipts and industrial sector |
| Data Presented: | Rental real estate income. |
| Classified By: | Selected industrial sector and major industry |
| Data Presented: | Total receipts and deductions, portfolio income, rental income, and total net income |
| Classified By: | Number of shareholders |
| Data Presented: | Balance sheet and income statement items |
| Classified By: | Major industry |
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Table 8: Returns With Net Income from a Trade or Business, Form 1120S |
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| Data Presented: | Balance sheet and income statement items |
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Classified By: |
Major industry |
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