qualified subchapter S subsidiary
Defined in 1 place of the United States Code.
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.
Source
- 1996–present26 U.S.C. § 1361Internal Revenue Code · S corporation defined · for purposes of this title