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Article: S corporation returns, 2000.
- Article from:
- Statistics of Income. SOI Bulletin
- Article date:
- March 22, 2003
- Author:
CopyrightCOPYRIGHT 2003 U.S. Government Printing Office. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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S corporations continue to be the single largest corporate entity type filing Form 1120, U.S. Tax Return for a Corporation. For Tax Year 2000, about 56.7 percent of all corporations filed a Form 1120S, up from 55.2 percent for Tax Year 1999. The total number of returns filed by S corporations for Tax Year 2000 increased 4.9 percent to nearly 2.9 million, from the 2.7 million reported in Tax Year 1999. Since 1996, the year S corporations first became the largest corporate entity type, S corporation return filings have increased 24.1 percent.
The growth of S corporation returns has been spurred by four legislative acts: the Tax Reform Act of 1986, the Revenue ...