qualified subchapter S subsidiary
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1361 — for purposes of this title
For purposes of this paragraph, the term “qualified subchapter S subsidiary” means any domestic corporation which is not an ineligible corporation (as defined in paragraph (2)), if—
(i) 100 percent of the stock of such corporation is held by the S corporation, and
(ii) the S corporation elects to treat such corporation as a qualified subchapter S subsidiary.