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pass-through entity
[ pas-throo en-ti-tee ]
noun
- a business for which revenue is taxed as the personal income of the owner or owners rather than through corporate tax. : PTE
˜yÐÄvlog History and Origins
Origin of pass-through entity1
Example Sentences
Like a sole prop, a partnership is considered a pass-through entity for tax purposes.
An S corp is a type of corporation that’s considered a “pass-through†entity, where profits and some losses flow through to the owners.
Even better for businesses and other filers who pay estimated or interim taxes, quarterly payroll taxes and excise taxes, or pass-through entity elective taxes — all such payments due before October have been postponed as well.
To that end, Oberndorf's primary pass-through entity is Neighbors for a Better San Francisco, a super PAC responsible for putting up roughly two-thirds of the money dedicated to ousting Boudin.
The Senate version offers more help, allowing the capture of certain sales taxes generated across the entire campus, personal income tax revenues from stadium operations, corporate income tax revenues and pass-through entity tax revenues over 30 years.
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