Detailed Instructions: In this task, you are given Wikipedia articles on a range of topics as passages and a question from the passage. We ask you to answer the question by classifying the answer as 0 (False) or 1 (True)
Problem:Passage: S corporation -- An S corporation, for United States federal income tax purposes, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, S corporations do not pay any income taxes. Instead, the corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns.
Question: is a subchapter s corporation the same as an s corporation
Solution:
1