Definition of "subchapter" [subchapter]

• A subsection of a chapter. (noun)
• Any of several portions of the Internal Revenue Code that cover specific areas of taxation (noun)

Wiktionary.org : Text is available under the Creative Commons Attribution-ShareAlike License

• "Such companies, often called "Sub-Ss" after the subchapter of the tax code governing them, is a popular choice of entity for private firms."
• "And since some 4.5 million small-business owners file their annual tax returns as subchapter S firms under the individual tax code, this tax increase would often apply to the same people who Mr. Obama is targeting with his new tax credits."
• "If he has a subchapter S corporation, the tax is the same whether they pay out of corporate funds or pay a distribution and pay out of personal funds."