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.
Featured areas:
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
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
Table 2: Returns with Net Income, Form 1120S
Data Presented: Total receipts and deductions, portfolio income, rental income, and total net income
Classified By: Major industry
Table 3: Returns of Active Corporations, Form 1120S
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
Table 4: Returns of Active Corporations, Form 1120S
Data Presented: Total receipts and deductions, portfolio income, rental income, and total net income
Classified By: Size of business receipts and industrial sector
Table 5: Returns of Active Corporations, Form 1120S
Data Presented: Rental real estate income.
Classified By: Selected industrial sector and major industry
Table 6: Returns of Active Corporations, Form 1120S
Data Presented: Total receipts and deductions, portfolio income, rental income, and total net income
Classified By: Number of shareholders
Table 7: Returns of Active Corporations, Form 1120S
Data Presented: Balance sheet and income statement items
Classified By: Major industry
Table 8: Returns With Net Income from a Trade or Business, Form 1120S
Data Presented: Balance sheet and income statement items
Classified By: Major industry
S Corporations, Selected Figures
| Data presented | Tax years |
|---|---|
| Figure A: S Corporation Total Net Income (Less Deficit) | 2007 XLS 2006 XLS 2005 XLS 2004 XLS |
| Figure B: Number of Form 1120 Series Returns, by Type of Corporation | 2007 PDF 2006 PDF 2005 PDF 2004 XLS |
| Figure C: S Corporation Annual Percentage Increase/Decrease |
Note: Figure C will no longer be produced. An alternative calculation is being evaluated and results will be posted as the review process dictates. |
| Figure D: S Corporation Total Assets, Receipts, Net Income, by Industrial Sector | 2007 XLS 2006 XLS 2005 XLS 2004 XLS |
| Figure E: Shares of S Corporation Total Receipts, by Industrial Sector | 2007 PDF 2006 PDF 2005 PDF 2004 XLS |
| Figure F: Shares of S Corporation Total Assets, by Industrial Sector | 2007 PDF 2006 PDF 2005 PDF 2004 XLS |
| Figure G: S Corporation Number of Returns, by Number of Shareholders and Industrial Sector | 2007 XLS 2006 XLS 2005 XLS 2004 XLS |
| Figure H: S Corporation Taxes | 2007 XLS 2006 XLS 2005 XLS 2004 XLS |